80-Room
For Sale
$7,300,000
356 Elmira Road, Ithaca, NY 14850
Commercial Sale, Ithaca, NY
Property SizeContact for details
Days on Market152
Property Features for 356 Elmira Road
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Basement
Partial
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
65000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating), Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Building materials
Brick
Listing Agency:
Cross Island Realty One Inc
(718) 831-0100
Listed By:
Ipe K. Kurian · License #10401306411
(516) 849-9846
Added: Mar 23
Changed: Aug 20
Last Checked: Aug 21 at 10:06AM
MLS# 975466
Copyright © 2026 OneKey MLS. 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.
The Quality Inn Motel is an 80-room lodging property constructed with brick materials. Guest-room climate control includes wall or window units, while heating is provided through natural gas, hot water, and electric systems. The property also includes a basement, public water, and public sewer service.
Located at 356 Elmira Road in Ithaca, the motel is near Cornell University, Elmira College, and the Finger Lakes, including Seneca Lake. A Property Improvement Plan has been completed, and the existing franchise agreement may be renewed or converted.
This hospitality asset combines an established room inventory with completed PIP work and multiple franchise-path options. The property’s utility connections and lodging-oriented improvements are already in place.
Located at 356 Elmira Road in Ithaca, the motel is near Cornell University, Elmira College, and the Finger Lakes, including Seneca Lake. A Property Improvement Plan has been completed, and the existing franchise agreement may be renewed or converted.
This hospitality asset combines an established room inventory with completed PIP work and multiple franchise-path options. The property’s utility connections and lodging-oriented improvements are already in place.
Key Highlights
- 80 guest rooms
- Completed Property Improvement Plan (PIP)
- Franchise agreement may be renewed or converted
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
423
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Quality Inn Ithaca - University Area — 356 Elmira Rd, Ithaca, NY 14850
- Hampton Inn Ithaca — 337 Elmira Rd, Ithaca, NY 14850
- Fairfield Inn & Suites Ithaca — 359 Elmira Rd, Ithaca, NY 14850
- park ithaca — Threshold Plaza, 722 S Meadow St, Ithaca, NY 14850
Frequently Asked Questions
What type of property is this?
Motel - Brick lodging property with public water and sewer service, completed PIP, and flexible franchise options.
Where is this motel located?
The property is located at 356 Elmira Road Ithaca, NY.
What is the asking price?
The asking price for this property is $7,300,000.
What are key features of this property?
This property features: 80 guest rooms; Completed Property Improvement Plan (PIP); Franchise agreement may be renewed or converted
