Built-Out Restaurant
For Lease
$45 SF/Yr
409 College Avenue, Ithaca, NY 14850
CommercialLease, Ithaca, NY
Space Size5,880 SF
Days on Market139
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: Sep 12
Last Checked: Sep 26 at 5:06PM
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.
This conventional restaurant space provides approximately 5,880 square feet overall, with 3,980 square feet devoted to dining, bar, and kitchen functions. A 1,900-square-foot patio adds seating for over 300 guests. The premises are fully built out for restaurant use and previously operated as Collegetown Bagels. Building systems include central air conditioning and natural-gas heating, with a flat roof; the structure was built in 1985.
The property is located at 409 College Avenue in Ithaca's Collegetown district, near Cornell University. The surrounding setting includes Cornell's stated enrollment of 26,000 students and nearly 14,000 faculty and staff, along with a local residential and business population. MU-2 zoning is identified for the property.
The property is located at 409 College Avenue in Ithaca's Collegetown district, near Cornell University. The surrounding setting includes Cornell's stated enrollment of 26,000 students and nearly 14,000 faculty and staff, along with a local residential and business population. MU-2 zoning is identified for the property.
Key Highlights
- Approximately 5,880 SF total, including 3,980 SF of dining, bar, and kitchen area
- 1,900 SF patio with seating for over 300 guests
- Fully built‑out restaurant premises with prior Collegetown Bagels operation
Property Analytics
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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
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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 55% above the average of $29 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - MU-2-zoned restaurant premises with a large outdoor seating area and existing dining, bar, and kitchen improvements.
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 total, including 3,980 SF of dining, bar, and kitchen area; 1,900 SF patio with seating for over 300 guests; Fully built‑out restaurant premises with prior Collegetown Bagels operation
