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    920 Cayuga St Ithaca, NY 14850

    Sponsored
    For Lease
    $22 SF/Yr ($3,870 /Mo)

    Fall Creek, 2,064 sq ft, 15 parking

    Lot size:
    2,064 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,064-square-foot commercial property, located at 920 North Cayuga Street in Ithaca, New York's desirable Fall Creek neighborhood, presents a rare leasing opportunity. The single-tenant building, constructed in 1975, sits on a 0.35-acre lot and features a convenient one-story design. Ample parking is provided with 15 spaces exclusively for tenant use. Currently configured as a hair salon, the space is zoned R-2B, allowing for a variety of commercial uses, including cafes, coffee shops, grocery stores, pharmacies, daycare facilities, bed and breakfasts, and other neighborhood commercial establishments (subject to special permit). Its prime location on North Cayuga Street, near the intersection with West Jay Street, ensures high visibility and significant foot traffic. The Fall Creek neighborhood boasts a dense residential population, creating a strong customer base. The property's central location offers unparalleled accessibility to downtown Ithaca, Cornell University, Ithaca High School, and Ithaca Falls/Fall Creek Gorge. This is an ideal space for a business seeking high visibility and convenient access to a thriving community. The building has no elevators.

    Property Features for 920 Cayuga St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,064 SF
    Total Rate
    3870

    Building Details

    Year Built
    1975
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,064 SF
    Rate per SF
    $22
    Property Profile Location Intelligence

    Current Use by Public Records

    Laser Hair Removal ... Laser Hair Removal Service

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.5000896
    Latitude
    42.4503638

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    FAQs

    What type of property is this?
    Restaurant - Fall Creek, 2,064 sq ft, 15 parking
    Where is this restaurant located?
    The property is located at 920 Cayuga St Ithaca, NY.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    Request Owner's contact information
    920 Cayuga St Ithaca, NY 14850
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    Ithaca, NY 14850
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    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
    920 Cayuga St Ithaca, NY 14850
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