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Enclosed Regional Shopping Center
For Lease
$21 SF/Yr NNN

40 Catherwood Road, Ithaca, NY 14850

Inline, large-format, and food court spaces are available under NNN lease terms.

Space SizeContact for details
Property Size328,538 SF
Days on Market96

Property Features for 40 Catherwood Road

General Information

Standard status Active
Size 328,538 SF
Total Parking Spaces 300
Zoning 451, Commercial
Lease Type NNN

Additional Details

Flexible Term Yes
Anchor Co-Tenants Target, Best Buy, Regal Cinemas, Michaels, Cayuga Health

Amenities

free parking
year-round enclosed operation
direct TCAT bus service

Building Details

Building Size 328,538 SF
Year Built 1976
Buildings 1
Stories 1
Tenancy Multi
Listing Agency: Howard Hanna S Tier Inc
Listed By: Ashley McClary
Source: Cowanesquelakerealty
Added: Jul 21 Changed: Oct 23 Last Checked: Oct 23 at 12:53PM

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 328,538-square-foot enclosed shopping center in Ithaca was built in 1976. Leasing options include inline retail, large-format spaces such as the former Dick’s Sporting Goods and former theater, and food court space. The property is zoned 451, Commercial, and operates year-round indoors with free parking.

Target, Best Buy, Regal Cinemas, Michaels, and Cayuga Health are among the center’s co-tenants. The property sits at the signalized junction of NYS Route 13 and North Triphammer Road. TCAT bus service connects the center directly with Cornell University and downtown Ithaca. The stated trade area includes Cornell University and Ithaca College, with additional regional reach across Cortland, Chemung, Schuyler, Tioga, and Cayuga Counties.

Key Highlights

  • 328,538‑square‑foot enclosed shopping center
  • Inline retail, large‑format, and food court spaces available
  • Co‑tenants include Target, Best Buy, Regal Cinemas, Michaels, and Cayuga Health

Property Analytics

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Current Use

Spencers (Bike/Boat/Book/etc) Store Shoe Dept. Clothing & Fashion Store Subway Take-out & Catering Shops at Ithaca Shopping Center & Mall Photo Booths Wedding Service

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Law Firm Auto Repair Shop Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

589
Businesses Nearby
297k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 35% Shops & Services 20% Groceries 15% Dining 14%
Target Superstores
77,971 visits/mo 0.2 miles
Tops Friendly Markets Groceries
32,367 visits/mo 0.2 miles
McDonald's Dining
30,895 visits/mo 0.1 miles
BJ's Wholesale Club Superstores
26,352 visits/mo 0.3 miles
Ace Northeast Hardware Home Improvements & Furnishings
18,480 visits/mo 0.3 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Similar Off Market Nearby

  • Triphammer Marketplace — 2255 N Triphammer Rd, Ithaca, NY 14850
  • Shops at Ithaca — 40 Catherwood Rd, Ithaca, NY 14850
  • Cayuga Shopping Center — 2309 N Triphammer Rd, Ithaca, NY 14850

Frequently Asked Questions

What type of property is this?
Shopping center - Inline, large-format, and food court spaces are available under NNN lease terms.
Where is this shopping center located?
The property is located at 40 Catherwood Road Ithaca, NY.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: 328,538‑square‑foot enclosed shopping center; Inline retail, large‑format, and food court spaces available; Co‑tenants include Target, Best Buy, Regal Cinemas, Michaels, and Cayuga Health
More about this property
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