Restaurant Space with
For Lease
$25 SF/Yr
401 E State Street, Ithaca, NY 14850
CommercialLease, Ithaca, NY
Space Size1,600 SF
Days on Market139
Property Features for 401 E State Street
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
B-4
Zoning description
Commercial
Parking
7
Lot features
Rectangular, Rectangular Lot
Elementary school
Belle Sherman
Elementary school district
Ithaca
Middle school district
Ithaca
High school district
Ithaca
Subdivision
Ithaca-City-500700
Standard status
Active
APN
500700-069-000-0006-003-002-0000
Size
1,600 SF
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2000
Floors in Building
5
Roof type
Flat
Listing Agency:
Warren Real Estate of Ithaca Inc. (Downtown)
(607) 257-0666
Listed By:
Connor Colbert · License #10401293112
(607) 351-9027
Added: May 20
Changed: Sep 16
Last Checked: Oct 5 at 4:06AM
MLS# R1683634
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.
Investment Insights
Based on property information with market context.
Available for lease, this 1,600-square-foot restaurant space in Ithaca includes a hood, grease trap, and ancillary system. The existing buildout is suited to restaurant operations and provides a defined commercial food-service setting.
The property at 401 E State Street is served by public water and public sewer. Building systems include natural gas forced-air heat and central air conditioning, with a flat roof. Constructed in 2000, the space is located in the B-4 zoning district.
The property at 401 E State Street is served by public water and public sewer. Building systems include natural gas forced-air heat and central air conditioning, with a flat roof. Constructed in 2000, the space is located in the B-4 zoning district.
Key Highlights
- 1600 SF restaurant space
- Hood, grease trap, and ancillary system included
- B‑4 zoning
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,546
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Hotels & Casinos 24%
Apparel 8%
Dining 8%
Sunoco
Shops & Services
9,537 visits/mo
0.4 miles
Ithaca Marriott Downtown on the Commons
Hotels & Casinos
3,958 visits/mo
0.2 miles
Urban Outfitters
Apparel
1,373 visits/mo
0.3 miles
Insomnia Cookies
Dining
1,055 visits/mo
0.4 miles
Teresa's Pizza
Dining
271 visits/mo
0.4 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
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Market
Lease Benchmarks for Ithaca, NY
$29 /SF/Yr
Avg Asking Price
$25–$45 /SF/Yr
Price Range
8,780 SF
Avg Space Size
This space is priced 14% below the average of $29 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes a hood, grease trap, and ancillary system for restaurant use.
Where is this conventional restaurant located?
The property is located at 401 E State Street Ithaca, NY.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 1600 SF restaurant space; Hood, grease trap, and ancillary system included; B‑4 zoning
