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Property profile & analytics

101 State St Ithaca, NY 14850-5543

  • Investment properties
  • 45,246 SF
  • 0.27 lot acres
OFF-MARKET
Value Estimations
$390,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US63-2267047
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Different Radio / Radio Broadcaster
  • Breggin Peter MD / Psychiatrist
  • Beachum Gary H MD / Emergency Care Physician
  • Schwartz Deena J / Nurse Practitioner / Professional Services
  • Empathic Therapy / Psychiatrist / Mental Health Clinic

Property Details for 101 State St

Year built
1923
Lot size
0.27 lot acres
Property size
45,246 SF
Zone code
CBD-60
Property type
Investment properties
Property subtype
Live-work space
APN
500700 70.-5-1
APU
5007007051

Description

This exceptional commercial property at 101 W State St, Ithaca, NY, presents a unique investment opportunity. The 4,500 square foot building sits on a 0.03-acre corner lot at the intersection of State and Cayuga Streets, offering unparalleled visibility and high foot traffic. For over 75 years, the ground floor has housed the renowned Chanticleer, a beloved family-owned bar, adding significant historical value and established clientele. The second floor, previously a thriving bar area, is perfectly suited for private events or expansion of the existing business. The expansive third floor provides versatile space, adaptable for residential conversion into an apartment or as additional office space. The property's prime location next to the State Theater further enhances its appeal and potential. The asking price of $1,100,000 includes both the building and the established business, offering a turnkey operation with immediate revenue potential. This is a chance to own a piece of Ithaca's vibrant history and capitalize on a highly desirable location in the heart of the city's bustling commons. The three-way stop at the corner ensures maximum exposure to potential customers and passersby. Don't miss this rare opportunity to acquire a landmark property with significant upside.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $390,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Ithaca
County
Tompkins
State
New York
Longitude
-76.4988
Latitude
42.4392
CBSA code
27060
CBSA name
ITHACA, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$7,801
$796,000
$4,854,000
$5,650,000
-
$796,000
$4,854,000
$5,650,000
More about this property
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