Finished Two-Bay Auto
For Sale
Under Contract
$155,000
1683 Mecklenburg Road, Ithaca, NY 14850
CommercialSale, Ithaca, NY
Property Size1,136 SF
Lot Size0.29 Acres
Price / SF$136.44
Days on Market167
Property Features for 1683 Mecklenburg Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Lot features
Irregular Lot
Elementary school
Enfield
Elementary school district
Ithaca
Middle school district
Ithaca
High school district
Ithaca
Directions
From Ithaca, take State Route 79/Hector Street, go approximately 5 miles, look for property on your left.
Subdivision
Enfield-502600
Standard status
Active Under Contract
APN
502600-009-000-0002-003-000-0000
Size
1,136 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Annual Amount
1600
Utilities
Heating system
Propane (Heating), Forced Air, Electric (Heating)
Water source
Well
Amenities
freestanding office
billboard
digital sign
Building Details
Year built
2012
Floors in Building
1
Flooring type
Plywood, Concrete
Roof type
Metal
Listing Agency:
Warren Real Estate of Ithaca Inc. (Downtown)
(607) 257-0666
Listed By:
Hilda Moleski · License #30MO1012648
(607) 220-3369
Added: Apr 24
Changed: Sep 16
Last Checked: Oct 7 at 5:06PM
MLS# R1676254
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.
Investment Insights
Based on property information with market context.
This 1,136-square-foot automotive property includes a two-bay garage with auto repair equipment, a separate freestanding office, and parking. Built in 2012, the improvements feature concrete and plywood flooring, a metal roof, and heating provided by propane, electric, and forced air systems.
The property occupies 0.29 acres at 1683 Mecklenburg Road in Ithaca, NY 14850. A well is present, but water has not been installed and the site has no septic system. Billboard and digital sign improvements are also located on the property, adding established advertising components to the site.
The property occupies 0.29 acres at 1683 Mecklenburg Road in Ithaca, NY 14850. A well is present, but water has not been installed and the site has no septic system. Billboard and digital sign improvements are also located on the property, adding established advertising components to the site.
Key Highlights
- Two‑bay garage with auto repair equipment included
- 1,136 SF property on 0.29 acres
- Separate freestanding office for administrative use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,026
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,520
$140.5K
Cap Rate 7%
$100,371
$100.4K
Cap Rate 9%
$78,067
$78.1K
Market Conditions
NOI Build-Up for 1,136 SF
Gross rent
$10.8K $9.48/SF
− Vacancy
−$732 −$0.64/SF
EGI
$10.0K $8.84/SF
− OpEx
−$3.0K −$2.65/SF
NOI
$7.0K $6.18/SF
Area
Tompkins County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,520
Cap Rate 7%
$100,371
Cap Rate 9%
$78,067
Alternative Uses
Best Use
Retail
$206.3K
$180.6K – $240.7K
NOI $14,444 @ 7.0% cap · market cap 9.32%
Second Best
Industrial
$100.4K
$87.8K – $117.1K
NOI $7,026 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$354.5K
$310.2K – $413.6K
NOI $24,814 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Service bays
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Auto shop - Includes a separate office, repair equipment, parking, and an on-site well.
Where is this auto shop located?
The property is located at 1683 Mecklenburg Road Ithaca, NY.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two‑bay garage with auto repair equipment included; 1,136 SF property on 0.29 acres; Separate freestanding office for administrative use
