105 107 109 E Clinton Street, Ithaca, NY 14850
- Added:
- Feb 21, 2025
- Days on Market:
- 499
- Last Refresh:
- Jul 5 at 3:06 pm
Property Features for 105 107 109 E Clinton Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-4
- Parking
- 2
- Standard status
- Active
- APN
- 81.-11-4
- Size
- 6,400 SF
Taxes and HOA fees
- Tax Annual Amount
- 18447
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Building materials
- Block, FoamInsulation, Frame, Concrete, StructuralInsulatedPanels
- Roof type
- Rubber, Membrane
Listing agent Laura Fiore License #10301208660 (607) 351-6155
Listing office Warren Real Estate of Ithaca Inc. 830 Hanshaw Rd, Ithaca, NY (607) 257-0666
Listing date Feb 21, 2025
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two adjacent parcels at the edge of Ithaca’s Downtown Business District: 3,600 SF vacant commercial building plus 2,800 SF recording studio building
- 3,600 SF building features wide‑open space with 15‑foot ceilings
- B‑4 zoning allows multi‑family, mixed‑use, business/professional offices, and redevelopment (see zoning details)
- Both buildings connect to all municipal utilities
- 2,800 SF building currently operating as the Pyramid Sound Recording Studio; studio business is not included in the sale
- Built in 1970 with central air, forced‑air natural gas heating, and rubber/membrane roof materials
Overview
Both properties are positioned near a corner with a signaled light, which supports straightforward access and visibility for customers, clients, and visitors. The buildings are also connected to all municipal utilities, which can simplify transitions for continued use or future reuse. The listing notes that adjacent parcels may be available for an expanded assemblage.
With B-4 zoning, these buildings are presented as suitable for a range of business and professional office uses as well as potential mixed-use and multi-family considerations. The combination of a vacant, high-ceiling space and an additional income-opportunity alternative (with the studio operation excluded) may appeal to owner-users and investors seeking flexibility in how they adapt and reposition the properties within a downtown business environment.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.2k | $28.32 |
| − Vacancy | −$39.9k | −$6.23 |
| EGI | $141.4k | $22.09 |
| − OpEx | −$35.3k | −$5.52 |
| NOI | $106.0k | $16.57 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.499504
- Latitude
- 42.43671