416 State St Ithaca, NY 14850

This exceptional mixed-use commercial building at 416 W. State St., Ithaca, NY 14850, presents a unique investment opportunity. Boasting 3,108 square feet, this two-story structure is ideally situated in Ithaca's vibrant and eclectic West End, just blocks from the Ithaca Commons. The property's current configuration includes office space in the front and a one-and-a-half-story apartment in the rear. However, its significant development potential allows for expansion up to five stories, offering flexibility for a variety of uses including retail, apartments, office space, or a mixed-use configuration. The building benefits from on-site parking, a rare and valuable asset in this desirable location. Its proximity to Ironworks Ithaca, a recently completed five-story mixed-use project featuring 129 residential units and 4,800 square feet of retail space, further underscores the area's dynamic growth and potential for increased property value. This is an excellent chance to acquire a substantial property in a thriving neighborhood with considerable upside. The asking price is $465,000. Serious inquiries are encouraged.