Retail Space with Dedicated
206 Green St, Ithaca, NY 14850
For Sale
Contact for pricing
Prior salon and tattoo studio use provides a practical layout for retail or professional occupancy.
Property Size5,350 SF
Price / SF$0.30
Days on Market58
Property Features for 206 Green St
General Information
Standard status
Size
Listing Agency:
Howard Hanna S Tier Inc
(607) 257-0800
Listed By:
Katherine Burke
(607) 342-2327
Source:
Exprealty
Added: Sep 15
Changed: Nov 4
Last Checked: Nov 10 at 10:05AM
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 Howard Hanna S Tier Inc
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Investment Insights
Based on property information with market context.
This retail space is configured for commercial occupancy and has a documented history serving as both a hair salon and tattoo studio. The existing layout can accommodate a range of retail or professional uses, with one dedicated parking space positioned at the rear of the building.
The property is located at 206 Green St in downtown Ithaca, within walking distance of the Ithaca Commons, Press Bay Alley, local shops, restaurants, and other businesses. Its central setting places the space among established downtown commercial activity and everyday pedestrian destinations.
The property is located at 206 Green St in downtown Ithaca, within walking distance of the Ithaca Commons, Press Bay Alley, local shops, restaurants, and other businesses. Its central setting places the space among established downtown commercial activity and everyday pedestrian destinations.
Key Highlights
- Retail space at 206 Green St, Ithaca, NY
- One dedicated parking space at the rear of the building
- Prior use as both a hair salon and tattoo studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,023
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,360,460
$1.4M
Cap Rate 7%
$971,757
$971.8K
Cap Rate 9%
$755,811
$755.8K
Market Conditions
NOI Build-Up for 5,350 SF
Gross rent
$101.4K $18.96/SF
− Vacancy
−$4.3K −$0.80/SF
EGI
$97.2K $18.16/SF
− OpEx
−$29.2K −$5.45/SF
NOI
$68.0K $12.71/SF
Area
Tompkins County, NY
Vacancy
4.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,360,460
Cap Rate 7%
$971,757
Cap Rate 9%
$755,811
Alternative Uses
Best Use
Retail
$971.8K
$850.3K – $1.13M
NOI $68,023 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,860 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,715
Businesses Nearby
147k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 54%
Dining 25%
Shops & Services 13%
Home Improvements & Furnishings 4%
Wegmans
Groceries
79,838 visits/mo
0.5 miles
Chili's Grill & Bar
Dining
17,497 visits/mo
0.5 miles
Dunkin' Donuts
Dining
16,965 visits/mo
0.3 miles
Sunoco
Shops & Services
9,537 visits/mo
0.1 miles
Ithaca Agway & Ace Hardware
Home Improvements & Furnishings
5,967 visits/mo
0.4 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Tompkins County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Prior salon and tattoo studio use provides a practical layout for retail or professional occupancy.
Where is this retail space located?
The property is located at 206 Green St Ithaca, NY.
What are key features of this property?
This property features: Retail space at 206 Green St, Ithaca, NY; One dedicated parking space at the rear of the building; Prior use as both a hair salon and tattoo studio
