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Three-Level Flex Space
For Sale
$349,000

303 GUNDERMAN RD, Spencer, NY 14883

Three-level commercial property combines private offices, shared work areas, and warehouse functionality.

Property Size21,615 SF
Lot Size2.60 Acres
Price / SF$16.15
Days on Market266

Property Features for 303 GUNDERMAN RD

General Information

Standard status Active
Size 21,615 SF
Lot size 2.60 Acres
Property subtype General Commercial

Additional Details

Warehouse Space 5,000 SF

Taxes and HOA fees

Annual Taxes $15,496

Amenities

private offices
reception area
conference rooms
fitness area
A/C - Zone
3
Metal
LD
8 Parking Spaces. Driveway.
Rectangular
150X699
Rectangular.

Building Details

Year Built 1980
Stories 3
Construction barn
Listing Agency: Re/Max Plus
Listed By: Michele Smith · License #10301215729
Source: Xome
Added: Dec 8, 2025 Changed: Aug 30 Last Checked: Aug 30 at 1:46PM

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 Re/Max Plus

Investment Insights

Based on property information with market context.

This flex property occupies 2.6 acres and includes a three-level commercial building with private offices, reception space, conference rooms, shared areas, and a dedicated fitness area. The rear portion contains a 5,000-square-foot warehouse with high ceilings, organized storage aisles, and loading access. The layout supports office, storage, fabrication, distribution, and other commercial functions within one property.

Located 7 miles south of Ithaca, the property offers a barn-style setting with substantial interior volume and a rectangular site measuring 150X699. The building dates to 1980 and includes A/C - Zone. Eight parking spaces are provided by the driveway. The existing configuration may also support a live/work conversion, private residence, or creative retreat subject to approvals.

Key Highlights

  • 2.6‑acre flex property located 7 miles south of Ithaca
  • Three‑level building with private offices, reception, conference rooms, and fitness area
  • 5,000‑square‑foot rear warehouse with high ceilings and loading access

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Pet Store Pet Store & 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

5
Businesses Nearby
Well-served
Demand for This Use

Demographics for 14883, NY

3,998
Population
2,062
Households
1.9
Avg Household Size
42
Median Age
30%
College-Educated
94%
High-School Grad
72.6 sq mi
ZIP Area
55
Density / Sq Mi
$62,431
Median Household Income
$40,928
Median Earnings
$980
Median Rent
$191,800
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
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Three-level commercial property combines private offices, shared work areas, and warehouse functionality.
Where is this flex space located?
The property is located at 303 GUNDERMAN RD Spencer, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2.6‑acre flex property located 7 miles south of Ithaca; Three‑level building with private offices, reception, conference rooms, and fitness area; 5,000‑square‑foot rear warehouse with high ceilings and loading access
More about this property
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