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Multi-Building Flex Space Property
New
For Sale
$425,000

615 Five Mile Dr, Ithaca, NY 14850

Three-building commercial campus combines offices, warehouse capacity, heated workshop space, and fleet parking for varied operations.

Property Size8,374 SF
Lot Size2.00 Acres
Price / SF$50.75
Days on Market2

Property Features for 615 Five Mile Dr

General Information

Standard status Active
Size 8,374 SF
Lot size 2.00 Acres

Warehouse & Industrial

Clear Span Yes
Warehouse Space 3,650 SF
Office Build-Out 1,524 SF
Drive-In Doors 3

Building Details

Year Built 1975
Buildings 3
Owner Occupied Yes
Listing Agency: Howard Hanna Corning
Listed By: Jody Saunders · License #10401275949
Source: Skinnercnyrealty
Added: Sep 6 Last Checked: Sep 6 at 3:05PM

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 Howard Hanna Corning

Investment Insights

Based on property information with market context.

This 8,374-square-foot flex space property includes three separate structures on 2.00 acres. The 1,524-square-foot office building provides two reception areas, three private offices, a break room, storage, and two bathrooms. A 3,650-square-foot clear-span warehouse offers an open interior suited to trades, fabrication, storage, or logistics. The 3,200-square-foot garage and office building includes three overhead doors, a heated shop, oil-separation system, workshop and storage areas, one bathroom, office space, and attic storage.

Parking for 25+ vehicles supports fleet-oriented operations and multi-tenant use. The property has creek and inlet frontage, with 0.47 acres subject to NYS permanent easements. It is adjacent to the Amabel residential development and provides access to downtown Ithaca, Cornell, and major routes. Future residential conversion or redevelopment may be possible subject to municipal approvals.

Key Highlights

  • Three‑building campus totals 8,374 square feet on 2.00 acres
  • 1,524‑square‑foot office building with three private offices and two bathrooms
  • 3,650‑square‑foot clear‑span metal‑frame warehouse

Property Analytics

Current Use

Ithaca Dispatch Courier Service University Taxi Courier Service

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Parking Lot & Garage Storage Facility Skin Care Clinic

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

3
Drive-in doors

Location Intelligence

Trade Area within ½ mile

229
Businesses Nearby
Balanced
Demand for This Use

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

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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Similar Off Market Nearby

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

Frequently Asked Questions

What type of property is this?
Flex space - Three-building commercial campus combines offices, warehouse capacity, heated workshop space, and fleet parking for varied operations.
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: Three‑building campus totals 8,374 square feet on 2.00 acres; 1,524‑square‑foot office building with three private offices and two bathrooms; 3,650‑square‑foot clear‑span metal‑frame warehouse
More about this property
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