Mixed-Use Commercial
For Sale
$640,000
815-817 Taber Street, Ithaca, NY 14850
CommercialSale, Ithaca, NY
Property Size3,636 SF
Lot Size0.19 Acres
Price / SF$176.02
Days on Market91
Property Features for 815-817 Taber Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CSD
Zoning description
Light Industrial
Parking
7
Security features
Security
Lot features
Rectangular, Rectangular Lot
Elementary school
Fall Creek Elementary
Middle school
Boynton Middle
High school
Ithaca Senior High
Elementary school district
Ithaca
Middle school district
Ithaca
High school district
Ithaca
Subdivision
Ithaca-City-500700
Standard status
Active
APN
500700-073-000-0011-002-000-0000
Size
3,636 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
10004
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Radiant, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
private courtyard
Building Details
Year built
2003
Floors in Building
2
Number of units
2
Building materials
FoamInsulation
Roof type
Asphalt, Membrane, Rubber
Listing Agency:
Warren Real Estate of Ithaca Inc.
(607) 257-0666
Listed By:
Kathleen (Kate) Seaman · License #30SE0908346
(607) 280-3339
Added: Jul 10
Changed: Sep 16
Last Checked: Oct 8 at 10:06PM
MLS# R1696253
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 3,636-square-foot mixed-use commercial property occupies a 0.19-acre site and was constructed in 2003. The building includes multiple finished commercial areas, production and workshop space, two public-facing rooms, additional display space, and a private courtyard. The adjacent parcel includes a separate one-bedroom, one-bath residence. The commercial property is offered without the winery business, brand, equipment, inventory, licenses, or intellectual property.
Located at 815-817 Taber Street in Ithaca's West End, the property lies along the Waterfront Trail and provides access to the Ithaca Commons, Cayuga Lake, the Farmers Market, and nearby restaurants, shops, and businesses. CSD zoning, public water, and public sewer support the existing commercial setting. Building systems include radiant and forced-air natural gas heat, central air, foam insulation, and an asphalt, membrane, and rubber roof.
Located at 815-817 Taber Street in Ithaca's West End, the property lies along the Waterfront Trail and provides access to the Ithaca Commons, Cayuga Lake, the Farmers Market, and nearby restaurants, shops, and businesses. CSD zoning, public water, and public sewer support the existing commercial setting. Building systems include radiant and forced-air natural gas heat, central air, foam insulation, and an asphalt, membrane, and rubber roof.
Key Highlights
- 3,636‑square‑foot mixed‑use commercial building on 0.19 acres
- Adjacent parcel includes a separate one‑bedroom, one‑bath residence
- Built in 2003 with production, workshop, and finished commercial areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,633
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,660
$752.7K
Cap Rate 7%
$537,614
$537.6K
Cap Rate 9%
$418,144
$418.1K
Market Conditions
NOI Build-Up for 3,636 SF
Gross rent
$65.4K $18.00/SF
− Vacancy
−$5.2K −$1.44/SF
EGI
$60.2K $16.56/SF
− OpEx
−$22.6K −$6.21/SF
NOI
$37.6K $10.35/SF
Area
Tompkins County, NY
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,660
Cap Rate 7%
$537,614
Cap Rate 9%
$418,144
Alternative Uses
Best Use
Mixed Use
$537.6K
$470.4K – $627.2K
NOI $37,633 @ 7.0% cap · market cap 5.88%
Second Best
Industrial
$321.3K
$281.1K – $374.8K
NOI $22,488 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$1.13M
$992.8K – $1.32M
NOI $79,421 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown commercial property with flexible finished areas, production space, and an adjacent one-bedroom residence.
Where is this mixed-use property located?
The property is located at 815-817 Taber Street Ithaca, NY.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 3,636‑square‑foot mixed‑use commercial building on 0.19 acres; Adjacent parcel includes a separate one‑bedroom, one‑bath residence; Built in 2003 with production, workshop, and finished commercial areas
