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    Multi-Building Commercial Property in Ithaca Title is generated by Realmo AI

    615 Five Mile Dr, Ithaca, NY 14850

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    For Sale
    $425,000

    Versatile commercial property with income and redevelopment potential.

    Type:Industrial
    Property size:
    8,400 SF
    Lot size:
    0.44 Acres
    Price / SF:
    $50/SF
    Added:
    Mar 12, 2026
    Days on Market:
    117
    Last Refresh:
    Jul 2 at 2:10 pm

    Property Features for 615 Five Mile Dr

    General Information

    Standard status
    Active
    Size
    8,400 SF
    Lot size
    0.44 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1975

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    Jody Saunders
    Jody Saunders

    Listing office RealtyUSA.com

    Listing date Mar 12, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RealtyUSA.com

    HighLights

    • Rare multi‑building commercial property with three versatile structures on 2 acres in Ithaca.
    • Significant value‑add potential with projected stabilized income of $8,000–$10,000/month.
    • Includes office building, clear‑span warehouse, and heated garage/workshop totaling approximately 8,400 sq ft.
    • Located in an active growth corridor adjacent to new residential development with convenient access to key locations.
    • Features scenic creek and inlet frontage.
    • Parking for 25+ vehicles supports various operational needs.

    Overview

    This multi-building commercial property is located in the Town of Ithaca on a 2.00-acre site with creek and inlet frontage, including 0.47 acres under NYS permanent easements. The property features three structures totaling approximately 8,400 sq ft: an office building, a clear-span warehouse, and a heated garage/workshop with additional office space and attic storage. The 1,524 sq ft office building contains two reception areas, three private offices, a break room, storage, and two bathrooms. The 3,650 sq ft metal-frame warehouse offers a wide-open interior suitable for trades, fabrication, storage, or logistics. The 3,200 sq ft garage/office hybrid includes three overhead doors, a heated shop with an oil-separation system, workshop and storage areas, one bathroom, an office section, and attic storage above. Parking is available for 25+ vehicles. The property is currently generating approximately $2,500 per month, with projected stabilized income of $8,000–$10,000 per month based on market rents. The property is located adjacent to the new Amabel residential development within an active growth corridor, with convenient access to downtown Ithaca, Cornell, and major routes. The property is suitable for warehouse, trades bays, industrial shop space, and contractor facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ithaca Dispatch Courier Service University Taxi Courier Service

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Storage Facility Accounting Firm HVAC Service Cafe & Coffee Shop Parking Lot & Garage Hair Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Wegmans Catering — 500 S Meadow St, Ithaca, NY 14850

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.5236
    Latitude
    42.4272

    FAQs

    What type of property is this?
    Flex space - Versatile commercial property with income and redevelopment potential.
    Where is this flex space located?
    The property is located at 615 Five Mile Dr Ithaca, NY.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Rare multi‑building commercial property with three versatile structures on 2 acres in Ithaca.; Significant value‑add potential with projected stabilized income of $8,000–$10,000/month.; Includes office building, clear‑span warehouse, and heated garage/workshop totaling approximately 8,400 sq ft.
    More about this property
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