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    40 Catherwood Rd Ithaca, NY 14850

    For Sale
    Contact for pricing

    Big box spaces, prime Ithaca location.

    Property size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional redevelopment opportunity presents vacant retail spaces totaling 11,000 to 52,000 square feet, ideally situated at 40 Catherwood Rd, Ithaca, NY 14850. The property, part of the Shops at Ithaca, an enclosed shopping mall, offers significant potential for a variety of retail uses. Built in 1976, the spaces boast attractive features including 16-foot clear height ceilings, providing ample vertical space for various layouts and designs. Extensive on-site parking is available in a large, well-maintained parking field, ensuring convenient access for customers and employees. The property benefits from easy access via signalized entrances, simplifying ingress and egress. Furthermore, the spaces include at-grade overhead doors and loading bays, facilitating efficient loading and unloading operations. The strategic location, just two miles from Cornell University (over 28,500 students) and five miles from Ithaca College (over 5,200 students), guarantees a substantial and readily accessible customer base. This presents a unique chance to establish a thriving retail business in a vibrant college town setting. The property is classified as a vacant convenience store, offering a blank canvas for creative redevelopment. This is a rare opportunity to acquire a significant retail space in a high-traffic area with excellent visibility and access.

    Property Features for 40 Catherwood Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,000 SF

    Building Details

    Year Built
    1976

    HighLights

    • Ample on‑site parking.
    • Convenient signalized intersections providing excellent ingress/egress.
    • Unrestricted and convenient access to the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spencers T-Shirt Store Shoe Dept. Shoe Store Subway Sandwich Shop Shops at Ithaca Shopping Mall Photo Booths Wedding Photographer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -76.4913708
    Latitude
    42.4835813

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    FAQs

    What type of property is this?
    Individual retail property - Big box spaces, prime Ithaca location.
    Where is this individual retail property located?
    The property is located at 40 Catherwood Rd Ithaca, NY.
    What are key features of this property?
    This property features: Ample on-site parking.; Convenient signalized intersections providing excellent ingress/egress.; Unrestricted and convenient access to the property.
    Request Owner's contact information
    40 Catherwood Rd 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
    40 Catherwood Rd Ithaca, NY 14850
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