Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1636 Shore Dr Ithaca, NY 14850

    Sponsored
    For Sale
    $995,000

    Prime Event Venue, 6,488 SF, 12 Acres

    Property size:
    6,488 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional turnkey banquet and event center presents a unique investment opportunity in Ithaca, New York. The 6,488-square-foot building is situated on approximately 12 acres of beautifully landscaped grounds, offering stunning views of Cayuga Lake. The property boasts ample indoor seating for up to 300 guests, a large dance floor, and a spacious back deck that expands seating capacity. A fully equipped commercial kitchen is included, making it ideal for catering weddings, banquets, and other events. The current business model includes hosting weddings, banquets, and parties, and offers outside catering services. The property's convenient location offers easy access to Cornell University, Ithaca College, numerous hotels, and the vibrant Downtown Ithaca Business District. The substantial 10-acre surplus beyond the building provides significant potential for future development. The asking price is $995,000, with a price per square foot of $153.36. This property represents a rare combination of established business and significant development potential in a highly desirable location. The address is 1636 & 1642 East Shore Drive, Ithaca, NY 14850.

    Property Features for 1636 Shore Dr

    General Information

    Property type
    Retail properties
    Square Feet
    6,488 SF
    Lot Size
    522,720 SF

    HighLights

    • 6,488 SF banquet and event center accommodating up to 300 guests, located near Ithaca.
    • 12‑acre site with Cayuga Lake views.
    • Established event venue hosting weddings, banquets, and parties, with outside catering capabilities.
    • Turnkey commercial kitchen and large dance floor; outdoor seating on back deck; landscaped grounds ideal for ceremonies.
    • Ten acres available for future development.
    • Minutes from Cornell University, Ithaca College, hotels, and downtown Ithaca.
    Property Profile Location Intelligence

    Current Use by Public Records

    LakeWatch Inn Wedding Venue

    Suggested Use

    Law Firm Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Storage Facility Bar & Pub Daycare Center Arcade & Gaming Center Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.5097263
    Latitude
    42.5106075

    Nearby Similar for Sale

    • $975,000
      Pending

      Three Houses in Downtown Ithaca

      Three single-family homes near The Commons, ideal for multi-generational living.
      S Aurora St, Ithaca, NY 14850
      View Details
    • $4,500,000
      13,969 SF

      Hillendale Golf Course Estate Retreat

      141-acre golf course estate near Ithaca with development potential.
      218 N Applegate Rd, Ithaca, NY 14850
      View Details
    • $949,000
      13,248 SF

      Historic Inn and Restaurant

      Turn-key historic inn and restaurant in the Finger Lakes region.
      2075-79 East Shore Dr, Lansing, NY 14882
      View Details
    • $1,000,000
      4,283 SF

      Collegetown Multi-Family Investment Opportunity

      Prime Collegetown multi-family property near Cornell University with investment potential.
      411 Dryden Rd, Ithaca, NY 14850
      View Details
    • $1,250,000
      3,997 SF

      Collegetown Multifamily Investment Opportunity

      Multifamily property near Cornell University with 16 bedrooms.
      410 Stewart Ave, Ithaca, NY 14850
      View Details
    • $1,750,000
      13,725 SF

      Ithaca Commercial Property with Pool

      Versatile commercial property near downtown Ithaca with unique amenities.
      92 Genung Cir, Ithaca, NY 14850
      View Details
    • $550,000
      2,938 SF

      Downtown Ithaca Versatile Commercial Building

      Classic building in central location, suitable for office or residence.
      411 N Tioga St, Ithaca, NY 14850
      View Details
    • $399,000
      2,190 SF

      Ithaca Duplex Near Cornell

      Well-maintained duplex near Cornell, Ithaca College, and downtown amenities.
      328 W Seneca St, Ithaca, NY 14850
      View Details
    • $418,800
      2,389 SF

      Ithaca Commercial Buildings on Route 13

      Two buildings on Route 13, suitable for office or retail.
      313 N Meadow St, Ithaca, NY 14850
      View Details
    • $479,000
      2,880 SF

      Modern Duplex in Ithaca Town

      Modern duplex built in 2016, convenient to downtown Ithaca.
      131 Birdseye Vw Dr, Ithaca, NY 14850
      View Details
    • $444,000
      Pending

      Ithaca Multifamily with Income Potential

      Ithaca ranch with income-producing apartment near Cayuga Medical Center.
      104 Happy Ln, Ithaca, NY 14850
      View Details
    • $1,250,000
      4,507 SF

      Spacious Multi-Family Ithaca Investment

      Ithaca multi-family property near Cornell, ideal for investors.
      306 Stewart Ave, Ithaca, NY 14850
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Event Venue, 6,488 SF, 12 Acres
    Where is this retail property located?
    The property is located at 1636 Shore Dr Ithaca, NY.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 6,488 SF banquet and event center accommodating up to 300 guests, located near Ithaca.; 12-acre site with Cayuga Lake views.; Established event venue hosting weddings, banquets, and parties, with outside catering capabilities.
    (607) 227-7558
    Request Owner's contact information
    1636 Shore Dr Ithaca, NY 14850
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1636 Shore Dr
    Ithaca, NY 14850
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1636 Shore Dr Ithaca, NY 14850
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.