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520 State St Ithaca, NY 14850

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For Sale
$950,000

High-Visibility Office Building, Excellent ROI

Property size:
8,424 SF

Property Features for 520 State St

General Information

Property type
Office Properties & Spaces
Square Feet
8,424 SF
Lot Size
18,295 SF

Building Details

Year Built
1980

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Listing Contact
Laura Fiore

Listing Agency: Warren Real Estate of Ithaca Inc. Listing Agent: Laura Fiore

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional 8,424 square foot brick office building presents a compelling investment opportunity in Ithaca's vibrant downtown West End. Currently boasting five fully leased spaces with a stable, long-term tenant base, this property ensures immediate cash flow. Its strategic location directly off Route 13N provides unparalleled visibility and accessibility, maximizing tenant appeal. The building's unique positioning, spanning from State Street to Seneca Street, offers two convenient access points, further enhancing its desirability. Ample parking is provided with 19 dedicated spaces, a significant advantage in this bustling area. The property sits on a 0.42-acre lot and is zoned to allow for a five-story building, presenting significant potential for future expansion and development, allowing for substantial growth in the years to come. The asking price for this prime commercial property is $950,000. This represents a rare chance to acquire a well-established, income-producing asset with considerable upside potential in a thriving New York market. Detailed information on recent updates and improvements is available upon request.
Property Profile Location Intelligence

Current Use by Public Records

VonBergen Chiropractic Health ... Alternative Medicine Practice

Suggested Use

Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Ithaca
County
Tompkins
State
New York
Longitude
-76.50728
Latitude
42.43942

FAQs

What type of property is this?
Office Property / Space - High-Visibility Office Building, Excellent ROI
Where is this office property / space located?
The property is located at 520 State St Ithaca, NY.
What is the asking price?
The asking price for this property is $950,000.
More about this property
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