Historic Bed & Breakfast
For Sale
$949,000
Pending
2075-79 East Shore Drive, Lansing, NY 14882
CommercialSale, Lansing, NY
Property Size13,248 SF
Lot Size1.13 Acres
Days on Market513
Property Features for 2075-79 East Shore Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Parking
50
Lot features
Irregular Lot
Elementary school
Raymond C Buckley Elementary
Elementary school district
Lansing
Middle school district
Lansing
High school district
Lansing
Directions
Corner of East Shore Drive & Rte. 34 in Lansing
Subdivision
Lansing-503289
Standard status
Pending
APN
503289-037-001-0002-002-000-0000
Size
13,248 SF
Lot size
1.13 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Annual Amount
24246
Utilities
Sewer type
Septic Tank
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Amenities
private baths
air conditioning
Wi-Fi
ballroom
Building Details
Year built
1830
Floors in Building
3
Flooring type
Concrete, Hardwood, Carpet, Varies
Roof type
Metal, Asphalt
Buildings
1
Listing Agency:
Warren Real Estate of Ithaca Inc.
(607) 257-0666
Listed By:
Garrett Venuto · License #10401360100
(607) 592-1762
Added: Jun 12, 2025
Changed: Nov 6
Last Checked: Nov 6 at 12:06PM
MLS# R1614569
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.
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Investment Insights
Based on property information with market context.
Built in 1830, this three-story brick property contains 13,248 square feet on 1.13 acres and operates as a nine-room bed and breakfast with commercial food-and-beverage space. Guest accommodations include private baths, air conditioning, Wi-Fi, and a period-oriented interior. A third-floor ballroom serves as a breakfast area and event venue, while the ground floor includes a bar and restaurant with a commercial kitchen, rustic oak bar, exposed brick, and seating for meals and larger gatherings.
The property is located at 2075-79 East Shore Drive in Lansing, NY, approximately 10 minutes from downtown Ithaca, Cornell University, and the Cayuga Wine Trail. Commercial zoning, public water, septic service, hot-water heating, and asphalt and metal roofing are in place. Flooring includes hardwood, carpet, concrete, and varied finishes.
The property is located at 2075-79 East Shore Drive in Lansing, NY, approximately 10 minutes from downtown Ithaca, Cornell University, and the Cayuga Wine Trail. Commercial zoning, public water, septic service, hot-water heating, and asphalt and metal roofing are in place. Flooring includes hardwood, carpet, concrete, and varied finishes.
Key Highlights
- Nine‑room bed and breakfast with private baths, air conditioning, and Wi‑Fi
- 13,248 square feet on 1.13 acres
- Three‑story brick building constructed in 1830
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,024
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,540,480
$1.5M
Cap Rate 7%
$1,100,343
$1.1M
Cap Rate 9%
$855,822
$855.8K
Market Conditions
NOI Build-Up for 13,248 SF
Gross rent
$190.8K $14.40/SF
− Vacancy
−$28.6K −$2.16/SF
EGI
$162.2K $12.24/SF
− OpEx
−$85.1K −$6.43/SF
NOI
$77.0K $5.81/SF
Area
Tompkins County, NY
Vacancy
15.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,540,480
Cap Rate 7%
$1,100,343
Cap Rate 9%
$855,822
Alternative Uses
Best Use
Specialty Retail
$2.45M
$2.14M – $2.86M
NOI $171,336 @ 7.0% cap · market cap 18.05%
Second Best
Hotel Hospitality
$1.10M
$962.8K – $1.28M
NOI $77,024 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$4.13M
$3.62M – $4.82M
NOI $289,377 @ 7.0% cap · market cap 30.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,474 visits/mo
0.3 miles
Demographics for 14882, NY
3,890
Population
1,619
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
98%
High-School Grad
32.5 sq mi
ZIP Area
120
Density / Sq Mi
$94,886
Median Household Income
$42,288
Median Earnings
$1,348
Median Rent
$274,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Rogues Harbor Inn 1830 LLC — 2079 E Shore Dr, Lansing, NY 14882
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Three-story brick lodging property includes guest rooms, event space, and an operating bar and restaurant.
Where is this bed & breakfast located?
The property is located at 2075-79 East Shore Drive Lansing, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Nine‑room bed and breakfast with private baths, air conditioning, and Wi‑Fi; 13,248 square feet on 1.13 acres; Three‑story brick building constructed in 1830
