For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    B-4 Zoned Mixed-Use Buildings Title is generated by Realmo AI

    105 107 109 E Clinton Street, Ithaca, NY 14850

    View on Map
    Claim this Listing
    For Sale
    $1,350,000

    COMMERCIAL - Ithaca, NY

    Property size:
    6,400 SF
    Price / SF:
    $210/SF
    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

    We can help!

    Contact an agent
    Laura Fiore

    Listing agent Laura Fiore License #10301208660

    Listing office Warren Real Estate of Ithaca Inc. 830 Hanshaw Rd, Ithaca, NY

    Listing date Feb 21, 2025

    MLS# R1589491

    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

    The offering includes two distinct, neighboring properties at 105, 107, and 109 E Clinton Street. The first parcel features a vacant commercial building with approximately 3,600 square feet of open space and 15-foot ceilings, providing a wide layout for office, creative, or redevelopment-style configurations. The second building totals approximately 2,800 square feet and is currently identified as home to the Pyramid Sound Recording Studio; however, the business is not included in the sale.

    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
    6,400 SF · lease $28.32/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.51M
    $1.33M – $1.77M (±1% cap)
    NOI $106,030 @ 7.0% cap · market cap 7.85%
    Second Best
    Mixed Use
    $946.3K
    $828.0K – $1.10M (±1% cap)
    NOI $66,240 @ 7.0% cap · market cap 4.91%
    Theoretical Best
    Office A
    $2.00M
    $1.75M – $2.33M (±1% cap)
    NOI $139,796 @ 7.0% cap · market cap 10.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pyramid Sound Recording Studio

    Suggested Use

    Nursing Home Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Home Appliance Store Tanning Salon Farmer's Market (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) 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
    -76.499504
    Latitude
    42.43671

    FAQs

    What type of property is this?
    Mixed-use property - Two adjacent buildings with flexible B-4 zoning, including a vacant 15-foot-ceiling commercial space and a second office/studio building.
    Where is this mixed-use property located?
    The property is located at 105 107 109 E Clinton Street Ithaca, NY.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 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)
    More about this property
    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