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416 State St Ithaca, NY 14850

Sponsored
For Sale
$465,000

Prime West End Location, 3108 SF, $465,000

Property size:
3,108 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
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.

Property Features for 416 State St

General Information

Property type
Mixed-use properties
Square Feet
3,108 SF

Property Profile Location Intelligence

Current Use by Public Records

Foundry Ithaca Coworking Space Learning Foundations of Ithaca School Poetry of Stone Artist Barracuda Brand Clothing Store Argos Warehouse Lounge ... Event Venue

Suggested Use

Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Ithaca
County
Tompkins
State
New York
Longitude
-76.504765
Latitude
42.4395542

FAQs

What type of property is this?
Mixed-use property - Prime West End Location, 3108 SF, $465,000
Where is this mixed-use property located?
The property is located at 416 State St Ithaca, NY.
What is the asking price?
The asking price for this property is $465,000.
More about this property
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