Versatile Multi-Building Commercial
615 Five Mile Drive, Ithaca, NY 14850
- Added:
- Dec 8, 2025
- Days on Market:
- 157
- Last Refresh:
- May 14 at 8:06 am
Property Features for 615 Five Mile Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Com/Res
- Parking
- 25
- Standard status
- Active Under Contract
- APN
- 503089-031-000-0002-030-000-0000
- Size
- 8,374 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11270
Utilities
- Sewer type
- Septic Tank
- Heating system
- Oil, Electric (Heating), Baseboard
- Water source
- Well
- Water front features
- Canal Access
- Water front
- 1
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Flooring type
- Concrete, Vinyl, Linoleum
- Roof type
- Shingle, Metal
Listing agent Jody Saunders License #10401275949 (607) 742-7301
Listing office Howard Hanna Horseheads 2783 WESTINGHOUSE RD, Corning, NY (607) 739-1444
Listing date Dec 8, 2025
MLS# R1653936
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.
HighLights
- High Value‑Add Potential: Projected stabilized income of $8,000-$10,000/month.
- Versatile Multi‑Building Commercial Property: Features three distinct structures totaling approximately 8,400 sq ft.
- Prime Location in Ithaca Growth Corridor: Situated adjacent to the new Amabel residential development with convenient access to downtown Ithaca, Cornell, and major routes.
- Ample Parking and Operational Functionality: Includes parking for 25+ vehicles, a heated shop with an oil‑separation system, and clear‑span warehouse space.
- Scenic Creek and Inlet Frontage: Located on 2.00 acres with waterfront features and scenic views.
- Strong Demand for Commercial Space: High demand in Ithaca for warehouse, trades bays, industrial shop space, and contractor facilities.
Overview
This multi-building commercial property is located in the Town of Ithaca. Situated on 0.44 acres, the site includes creek and inlet frontage, with 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 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 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 intended for warehouse, trades bays, industrial shop space, and contractor facilities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Ithaca Dispatch
Courier Service
University Taxi
Courier Service
Similar Places Nearby
- Alie Attic — 233 Cecil Malone Dr #1, Ithaca, NY 14850
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.523537
- Latitude
- 42.427159
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Multi-building commercial property with income and redevelopment potential in Ithaca.
Where is this warehouse located?
The property is located at 615 Five Mile Drive 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: High Value‑Add Potential: Projected stabilized income of $8,000-$10,000/month.; Versatile Multi‑Building Commercial Property: Features three distinct structures totaling approximately 8,400 sq ft.; Prime Location in Ithaca Growth Corridor: Situated adjacent to the new Amabel residential development with convenient access to downtown Ithaca, Cornell, and major routes.
