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    2 Ascot Pl Ithaca, NY 14850

    Sponsored
    For Sale
    $2,450,000

    Multi-tenant commercial property, 7,905 sq ft

    Property size:
    7,905 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional multi-tenant commercial building, totaling 7,905 square feet, sits on a generous 2.17-acre corner lot in Ithaca, NY's Northeast Business District. Ideally located just off the main commercial corridor, this 1995-built property benefits from high visibility and easy access. The building's prime location is surrounded by other healthcare practices and professional offices, and is conveniently situated near densely populated residential areas, ensuring a strong potential client base. Ample on-site parking is available for tenants and visitors. Currently, the owner operates a medical practice on the main level, with plans to lease back this space following the sale. A smaller suite on the same floor is already leased to an audiologist. The lower level is currently vacant, but active leasing efforts are underway, presenting a significant opportunity for increased revenue. Detailed information, including a sales flyer, site plan, and floor plans, is available. Comprehensive financial data will be provided upon execution of a non-disclosure agreement. This presents a rare opportunity to acquire a well-established, multi-tenant commercial property in a thriving Ithaca neighborhood.

    Property Features for 2 Ascot Pl

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,905 SF
    Lot Size
    94,525 SF

    Building Details

    Year Built
    1995
    Property Profile Location Intelligence

    Current Use by Public Records

    Cayuga Ent Head ... Otolaryngology Clinic Dr. Jonathan E. ... Otolaryngologist ASHU RUPARELIA, M.D. Otolaryngologist Rachel Ayers Nurse Practitioner PMA Audibel Hearing ... Hearing Aid Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.48638
    Latitude
    42.49069

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    FAQs

    What type of property is this?
    Commercial real estate - Multi-tenant commercial property, 7,905 sq ft
    Where is this commercial real estate located?
    The property is located at 2 Ascot Pl Ithaca, NY.
    What is the asking price?
    The asking price for this property is $2,450,000.
    (607) 937-9720
    Request Owner's contact information
    2 Ascot Pl Ithaca, NY 14850
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    Ithaca, NY 14850
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Ascot Pl Ithaca, NY 14850
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