Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    413 State St Ithaca, NY 14850

    Sponsored
    For Sale
    $645,000

    West End gem: redevelopment potential

    Property size:
    5,392 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 5,392+/- square foot commercial property, located at 413 W State St in Ithaca, NY, presents a unique opportunity for investors and developers. Situated on a 0.15-acre lot in Ithaca's vibrant West End business district, this building boasts a flexible zoning designation permitting multi-family and commercial development up to five stories. Currently housing two tenants, the property offers significant upside potential. The building's history includes uses as a warehouse and a theatre, showcasing its adaptable nature. The interior features a predominantly open floor plan with a concrete floor and impressive 16-18' clear span ceilings throughout most of the space. Ground floor access includes a convenient 9' x 10' overhead door directly off the main entrance on West State Street. Its strategic location near the recently constructed Ironworks Ithaca mixed-use development positions this property for strong future growth and increased value. The property's size, zoning, and prime location make it an ideal candidate for a variety of uses, from adaptive reuse to new construction. This is a rare chance to acquire a substantial commercial property in a thriving Ithaca neighborhood. The asking price is $645,000.

    Property Features for 413 State St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,392 SF
    Lot Size
    6,534 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.50456
    Latitude
    42.43913

    Nearby Similar for Sale

    • $975,000
      Pending

      Three Houses in Downtown Ithaca

      Three single-family homes near The Commons, ideal for multi-generational living.
      S Aurora St, Ithaca, NY 14850
      View Details
    • $4,500,000
      13,969 SF

      Hillendale Golf Course Estate Retreat

      141-acre golf course estate near Ithaca with development potential.
      218 N Applegate Rd, Ithaca, NY 14850
      View Details
    • $949,000
      13,248 SF

      Historic Inn and Restaurant

      Turn-key historic inn and restaurant in the Finger Lakes region.
      2075-79 East Shore Dr, Lansing, NY 14882
      View Details
    • $1,000,000
      4,283 SF

      Collegetown Multi-Family Investment Opportunity

      Prime Collegetown multi-family property near Cornell University with investment potential.
      411 Dryden Rd, Ithaca, NY 14850
      View Details
    • $1,250,000
      3,997 SF

      Collegetown Multifamily Investment Opportunity

      Multifamily property near Cornell University with 16 bedrooms.
      410 Stewart Ave, Ithaca, NY 14850
      View Details
    • $1,750,000
      13,725 SF

      Ithaca Commercial Property with Pool

      Versatile commercial property near downtown Ithaca with unique amenities.
      92 Genung Cir, Ithaca, NY 14850
      View Details
    • $550,000
      2,938 SF

      Downtown Ithaca Versatile Commercial Building

      Classic building in central location, suitable for office or residence.
      411 N Tioga St, Ithaca, NY 14850
      View Details
    • $399,000
      2,190 SF

      Ithaca Duplex Near Cornell

      Well-maintained duplex near Cornell, Ithaca College, and downtown amenities.
      328 W Seneca St, Ithaca, NY 14850
      View Details
    • $418,800
      2,389 SF

      Ithaca Commercial Buildings on Route 13

      Two buildings on Route 13, suitable for office or retail.
      313 N Meadow St, Ithaca, NY 14850
      View Details
    • $479,000
      2,880 SF

      Modern Duplex in Ithaca Town

      Modern duplex built in 2016, convenient to downtown Ithaca.
      131 Birdseye Vw Dr, Ithaca, NY 14850
      View Details
    • $444,000
      Pending

      Ithaca Multifamily with Income Potential

      Ithaca ranch with income-producing apartment near Cayuga Medical Center.
      104 Happy Ln, Ithaca, NY 14850
      View Details
    • $1,250,000
      4,507 SF

      Spacious Multi-Family Ithaca Investment

      Ithaca multi-family property near Cornell, ideal for investors.
      306 Stewart Ave, Ithaca, NY 14850
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - West End gem: redevelopment potential
    Where is this commercial real estate located?
    The property is located at 413 State St Ithaca, NY.
    What is the asking price?
    The asking price for this property is $645,000.
    (607) 277-2327
    Request Owner's contact information
    413 State St Ithaca, NY 14850
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    413 State St
    Ithaca, NY 14850
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    413 State St Ithaca, NY 14850
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.