Turn-Key Restaurant Space
For Lease
$25 SF/Yr
401 E State Street, Ithaca, NY 14850
COMMERCIAL - Ithaca, NY
Space Size1,600 SF
Days on Market93
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
Natural Gas, Forced Air
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: Aug 4
Last Checked: Aug 20 at 4:06PM
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.
This commercial property in Ithaca, NY, offers a 1600-square-foot restaurant space. The space is equipped with a grease trap, hood, and ancillary system, making it a turn-key opportunity for a restaurant business. The property is located in Ithaca, Tompkins County, New York, with a B-4 zoning designation.
Key Highlights
- 1600 SF restaurant space
- Includes grease trap, hood, and ancillary system
- Forced air heating with natural gas
Property Analytics
Property Profile
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 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; Includes grease trap, hood, and ancillary system; Forced air heating with natural gas
