615 Five Mile Dr Ithaca, NY 14850
Versatile commercial property with income and redevelopment potential.
Lot size:
0.44 AcresProperty Features for 615 Five Mile Dr
General Information
- Property type
- Industrial
- Standard status
- Contract
- Lot size
- 0.44 Acres
Building Details
- Year built
- 1975
Source:
Elliman
Listing Agent: Jody Saunders
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multi-Building Commercial Property in Ithaca
This multi-building commercial property is located in the Town of Ithaca on a 2.00-acre site with creek and inlet frontage, including 0.47 acres under NYS permanent easements. The property features three structures totaling approximately 8,400 sq ft: an office building, a clear-span warehouse, and a heated garage/workshop with additional office space and attic storage. The 1,524 sq ft office building contains two reception areas, three private offices, a break room, storage, and two bathrooms. The 3,650 sq ft metal-frame warehouse offers a wide-open interior suitable for trades, fabrication, storage, or logistics. The 3,200 sq ft garage/office hybrid includes three overhead doors, a heated shop with an oil-separation system, workshop and storage areas, one bathroom, an office section, and attic storage above. Parking is available for 25+ vehicles. The property is currently generating approximately $2,500 per month, with projected stabilized income of $8,000–$10,000 per month based on market rents. The property is located adjacent to the new Amabel residential development within an active growth corridor, with convenient access to downtown Ithaca, Cornell, and major routes. The property is suitable for warehouse, trades bays, industrial shop space, and contractor facilities.
Location Intelligence
Current Use by Public Records
Ithaca Dispatch
Courier Service
University Taxi
Courier Service
Similar Places Nearby
Wegmans Catering
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.5236118
- Latitude
- 42.4271628
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Versatile commercial property with income and redevelopment potential.
Where is this flex space located?
The property is located at 615 Five Mile Dr Ithaca, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: - Rare multi-building commercial property with three versatile structures on 2 acres in Ithaca.; - Significant value-add potential with projected stabilized income of $8,000–$10,000/month.; - Includes office building, clear-span warehouse, and heated garage/workshop totaling approximately 8,400 sq ft.
