Listing Agency: Warren Real Estate of Ithaca Inc. (Downtown) Show Phone

Listed By: Connor Colbert · License #10401293112 Show Phone

Source: Exprealty

Added: May 21 Changed: Aug 20 Last Checked: Sep 1 at 8:32PM

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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 Warren Real Estate of Ithaca Inc. (Downtown)

Investment Insights

Based on property information with market context.

This is a 1600 SF turn-key restaurant space. It includes a grease trap, hood, and ancillary system.

Key Highlights

• Turn‑key restaurant space ready for your concept.
• 1600 SF restaurant space.
• Includes a grease trap.

Property Analytics

Property Profile

Current Use

Salamone Anna Foster Care Service Blossom YOGA Gym & Fitness Center GiveGab (Bike/Boat/Book/etc) Store FedEx Drop Box Postal Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Plumbing Service Nursing Home Locksmith

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

NNN (Triple Net)

Lease Type

$3.75 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

2,755

Businesses Nearby

141k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 56% Shops & Services 21% Dining 13% Home Improvements & Furnishings 4%

Wegmans Groceries

79,838 visits/mo 0.4 miles

Dunkin' Donuts Dining

16,965 visits/mo 0.2 miles

Sunoco Shops & Services

9,537 visits/mo 0.3 miles

Citgo Shops & Services

9,481 visits/mo 0.4 miles

Ithaca Agway & Ace Hardware Home Improvements & Furnishings

5,967 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

Market

Lease Benchmarks for Ithaca, NY

$35 /SF/Yr

Avg Asking Price

$25–$45 /SF/Yr

Price Range

2,243 SF

Avg Space Size

This space is priced 29% below the average of $35 /SF/Yr.

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - 1600 SF restaurant space with grease trap and hood.

Where is this conventional restaurant located?

The property is located at 401 E State St Ithaca, NY.

What is the lease rate?

The lease rate is $25 SF/Yr.

What are key features of this property?

This property features: Turn‑key restaurant space ready for your concept.; 1600 SF restaurant space.; Includes a grease trap.