Multi-Building Flex
For Sale
$425,000
615 Five Mile Drive, Ithaca, NY 14850
CommercialSale, Ithaca, NY
Property Size8,400 SF
Lot Size0.44 Acres
Price / SF$50.75
Days on Market297
Property Features for 615 Five Mile Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Com/Res
Zoning description
Commercial
Parking
25
Lot features
Rectangular, Rectangular Lot
Elementary school
Cayuga Heights Elementary
Middle school
Boynton Middle
High school
Ithaca Senior High
Elementary school district
Ithaca
Middle school district
Ithaca
High school district
Ithaca
Directions
From Ithaca take Floral Ave (13A) South, Inlet Rd on your left, left on to Five Mile Road, across from the cemetery.
Subdivision
Ithaca-Town-503089
Standard status
Active
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
Electric (Heating), Baseboard, Oil
Water source
Well
Water front features
Canal Access
Water front
1
Building Details
Year built
1975
Floors in Building
1
Flooring type
Vinyl, Linoleum, Concrete
Roof type
Shingle, Metal
Listing Agency:
Howard Hanna Corning
(607) 936-4663
Listed By:
Jody Saunders · License #10401275949
(607) 742-7301
Added: Dec 8, 2025
Changed: Sep 16
Last Checked: Oct 1 at 7:06PM
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.
Investment Insights
Based on property information with market context.
This flex property includes three separate commercial structures totaling 8,374 square feet. The 1,524-square-foot office building has two reception areas, three private offices, a break room, storage, and two bathrooms. A 3,650-square-foot metal-frame warehouse provides clear-span space, while the 3,200-square-foot garage and office building includes three overhead doors, a heated shop, workshop and storage areas, an office section, a bathroom, and attic storage. The shop also has an oil-separation system.
The site supports parking for 25+ vehicles and includes canal access, a well, septic tank, concrete, linoleum, and vinyl flooring, plus baseboard, electric, and oil heating. Built in 1975, the property is located in Ithaca near the Amabel residential development, with access to downtown Ithaca, Cornell, and major routes. Future residential conversion or redevelopment may be possible subject to municipal approvals.
The site supports parking for 25+ vehicles and includes canal access, a well, septic tank, concrete, linoleum, and vinyl flooring, plus baseboard, electric, and oil heating. Built in 1975, the property is located in Ithaca near the Amabel residential development, with access to downtown Ithaca, Cornell, and major routes. Future residential conversion or redevelopment may be possible subject to municipal approvals.
Key Highlights
- 8,374 SF across three commercial buildings
- 1,524 SF office building with three private offices and two bathrooms
- 3,650 SF clear‑span metal‑frame warehouse
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Vacancy Rate% for Office in Northeast region
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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 compound combines offices, warehouse capacity, heated shop space, fleet parking, and canal access.
Where is this flex space 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: 8,374 SF across three commercial buildings; 1,524 SF office building with three private offices and two bathrooms; 3,650 SF clear‑span metal‑frame warehouse
