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Downtown Ithaca Office Conversion Potential
For Sale
$749,500

124 Court Street East, Ithaca, NY 14850

Two-story, 5,656 SF building with conversion potential.

Property Size5,656 SF
Lot Size0.13 Acres
Price / SF$132.51
Days on Market151

Property Features for 124 Court Street East

General Information

Standard status Active
Size 5,656 SF
Lot size 0.13 Acres
Property subtype Office

Building Details

Building Size 5,656 SF
Listing Agency: Ithaca Office
Listed By: David Huckle, SIOR · License #10401231043
Source: Pyramidbrokerage
Added: Mar 27 Changed: Aug 23 Last Checked: Aug 22 at 5:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ithaca Office

Investment Insights

Based on property information with market context.

This two-story commercial building, totaling 5,656 square feet, is situated on 0.13 acres in downtown Ithaca. The property includes on-site parking for 6 to 8 vehicles. The building is located in a walkable neighborhood, within a short distance of the business district, which includes retail, restaurants, banking, professional services, and other services. The property has potential for conversion to residential or multi-family use.

Key Highlights

  • 5,656 SF two‑story commercial building.
  • Located in downtown Ithaca.
  • Potential for conversion to residential or multi‑family use.

Property Analytics

Current Use

Collaborative Solutions Network Counselor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Home Appliance Store Pet Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,648
Businesses Nearby

Demographics for 14850, NY

69,271
Population
31,772
Households
2.2
Avg Household Size
29
Median Age
72%
College-Educated
96%
High-School Grad
124.8 sq mi
ZIP Area
555
Density / Sq Mi
$69,689
Median Household Income
$36,115
Median Earnings
$1,446
Median Rent
$334,800
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two-story, 5,656 SF building with conversion potential.
Where is this office building located?
The property is located at 124 Court Street East Ithaca, NY.
What is the asking price?
The asking price for this property is $749,500.
What are key features of this property?
This property features: 5,656 SF two‑story commercial building.; Located in downtown Ithaca.; Potential for conversion to residential or multi‑family use.
More about this property
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