Turnkey Restaurant with
For Lease
$45 SF/Yr
409 College Avenue, Ithaca, NY 14850
COMMERCIAL - Ithaca, NY
Space Size5,880 SF
Days on Market94
Property Features for 409 College Avenue
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
MU-2
Zoning description
Business
Lot features
Irregular 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
500700-062-000-0005-014-000-0000
Size
3,980 SF
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air
Building Details
Year built
1985
Floors in Building
1
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 11
Changed: Aug 4
Last Checked: Aug 12 at 8:06AM
MLS# R1681001
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.
Turnkey, fully built-out restaurant space offering approximately 5,880 square feet, including about 3,980 square feet for dining, bar, and kitchen space, plus a 1,900 square foot patio with seating for over 300 guests. The space is positioned for restaurant or retail use and is described as having previously operated as Collegetown Bagels.
The location at 409 College Avenue sits in the Collegetown district near Cornell University, within a dense, high-traffic environment supported by approximately 26,000 students and nearly 14,000 faculty and staff. The property also benefits from a strong local population and a vibrant mix of residents and business activity.
On-site building systems include central heating (natural gas) and central air conditioning. The building was constructed in 1985 and features a flat roof.
The location at 409 College Avenue sits in the Collegetown district near Cornell University, within a dense, high-traffic environment supported by approximately 26,000 students and nearly 14,000 faculty and staff. The property also benefits from a strong local population and a vibrant mix of residents and business activity.
On-site building systems include central heating (natural gas) and central air conditioning. The building was constructed in 1985 and features a flat roof.
Key Highlights
- Approximately 5,880 SF turnkey restaurant build‑out with about 3,980 SF dining/bar/kitchen plus a 1,900 SF patio
- Patio seating for over 300 guests
- MU‑2 zoning
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$6.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,648
Businesses Nearby
1k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Insomnia Cookies
Dining
1,055 visits/mo
0.1 miles
Teresa's Pizza
Dining
271 visits/mo
0.1 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% above the average of $35 /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 - Turnkey restaurant space in MU-2 with a sizable dining, bar and kitchen area plus a patio designed for large seating.
Where is this conventional restaurant located?
The property is located at 409 College Avenue Ithaca, NY.
What is the lease rate?
The lease rate is $45 SF/Yr.
What are key features of this property?
This property features: Approximately 5,880 SF turnkey restaurant build‑out with about 3,980 SF dining/bar/kitchen plus a 1,900 SF patio; Patio seating for over 300 guests; MU‑2 zoning
