508 W State St Ithaca, NY 14850
Commercial property with a 5-year NNN lease in place.
Type:Mixed Use, Retail
Property size:
1,507 SF- Added:
- Apr 19, 2024
- Days on Market:
- 731
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 508 W State St
General Information
- Standard status
- Active
- Size
- 1,507 SF
- Property subtype
- Mixed Use, Retail
Listing agent Laura Fiore License #NY
Listing office Warren Real Estate
Listing date Apr 19, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Warren Real Estate
Overview
Ithaca Investment Opportunity For Sale
This commercial property, situated in Ithaca, presents an investment opportunity with a 5-year, NNN lease already in place. The property is located a half block from the Iron Works Ithaca housing and retail development project and is next door to GIMMEE Coffee, Saigon Kitchen, Maru Ramen, and the State Diner. The surrounding area is experiencing significant growth. Currently, the property operates as Dream Grab & Go convenience store, featuring two bathrooms and a storage area. The interior has been freshly painted, and the property includes updated heating and air conditioning, as well as an updated 200 AMP electrical service and plumbing. The property benefits from a high traffic count due to its location off Route 13 North. The property is zoned B-2C, offering possibilities for redevelopment. The sale includes the land and building. The property size is 1507 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places Nearby
- GreenStar Food Co+op - Dewitt — 215 N Cayuga St, Ithaca, NY 14850
- Wegmans — 500 S Meadow St, Ithaca, NY 14850
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.5066826
- Latitude
- 42.4394921
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Commercial property with a 5-year NNN lease in place.
Where is this grocery and convenience store located?
The property is located at 508 W State St Ithaca, NY.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 5‑year NNN lease in place, providing immediate income.; Prime location near the $18M Iron Works Ithaca development and established businesses (GIMMEE Coffee, Saigon Kitchen, Maru Ramen, State Diner).; High traffic location off Route 13 North.
