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Ground-Floor Office Suite
For Lease
$650/Mo

418 E State Street, Ithaca, NY 14850

CommercialLease, Ithaca, NY

Space Size715 SF
Lot Size0.30 Acres
Days on Market574

Property Features for 418 E State Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning description Residential Multi Use
Rooms Basement
Parking 1
Parking features Paved or Surfaced
Lot features Rectangular, Rectangular Lot
Elementary school Belle Sherman
Elementary school district Ithaca
Middle school district Ithaca
High school district Ithaca
Directions Head South on State Street. Building immediately comes up on your left after you pass Argos Inn
Subdivision Ithaca-City-500700
Standard status Active
APN 500700-069-000-0002-018-000-0000
Size 8,704 SF
Lot size 0.30 Acres

Utilities

Sewer type Public Sewer
Heating system Central, Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1975
Floors in Building 2
Number of units 1
Flooring type Linoleum, Vinyl
Roof type Rubber, Membrane
Listing Agency: Warren Real Estate of Ithaca Inc.
Listed By: Elizabeth Thompson · License #10401354854
Added: Mar 7, 2025 Changed: Sep 16 Last Checked: Oct 2 at 2:06AM
MLS# R1591894

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 715-square-foot office suite occupies the ground floor of a 1975 commercial building and is available vacant for immediate occupancy. The suite includes a private side entrance and natural light, with vinyl and linoleum flooring. Central heating with natural gas and central air conditioning support year-round workspace comfort.

The property is located at 418 E State Street in downtown Ithaca, within the Argos Warehouse / Foundry building. The surrounding property includes Argos Warehouse, Foundry Co-Working, and artist studios, creating a shared setting for office, creative, and entrepreneurial work. A flexible month-to-month lease is available. The 8,704-square-foot building sits on 0.3 acres and includes paved or surfaced parking, public water, public sewer, and membrane and rubber roofing.

Key Highlights

  • 715‑square‑foot private office suite on the ground floor
  • Private side entrance and natural light
  • Vacant and available for immediate occupancy

Property Analytics

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Current Use

Orkin Dental Lab Dental Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Nursing Home Home Appliance Store Pet Store Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

2,546
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Ithaca, NY

$17.88 /SF/Yr
Avg Asking Price
$2.52–$26 /SF/Yr
Price Range
23,027 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Vacant space offers a private side entrance and month-to-month lease flexibility.
Where is this office units located?
The property is located at 418 E State Street Ithaca, NY.
What is the lease rate?
The lease rate is $650/Mo.
What are key features of this property?
This property features: 715‑square‑foot private office suite on the ground floor; Private side entrance and natural light; Vacant and available for immediate occupancy
More about this property
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