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    1253 Danby Rd undefined, NY 14867

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    For Sale
    Contact for pricing

    Turnkey Gas Station, Laundromat, & More

    Property size:
    4,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a thriving, multi-faceted business located just south of Ithaca, NY. The property encompasses a 4,840 square foot, single-story building on a 6.6-acre lot, featuring a Citgo-branded gas station, a fully operational laundromat, and a leasable space ideal for a food and beverage establishment (e.g., ice cream shop, coffee shop, sandwich shop). The property boasts a strong 11.70% cap rate and is currently 66% occupied across its three units. Built in 1988 and extensively renovated in 2023, the building is in excellent condition, featuring updated appliances and equipment. The prime location near downtown Ithaca, state parks, and major commuter routes ensures high visibility and consistent customer traffic. The existing laundromat provides a stable, passive income stream with established staff included in the sale. The leasable space offers significant potential for additional revenue generation. Furthermore, the expansive 6.6-acre lot presents substantial opportunities for future expansion or development. The property is zoned commercial (Comm) and features a Tompkins County APN of 503400 4.-1-29.136. Financial details are available upon request and execution of a non-disclosure agreement. This turnkey operation offers immediate cash flow and significant long-term growth potential. The property's diverse income streams and prime location make it an attractive investment for both seasoned and emerging commercial real estate investors.

    Property Features for 1253 Danby Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    4,840 SF
    Class
    B
    Lot Size
    287,496 SF

    Building Details

    Year Built/Renovated
    1988/2023
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Prime location near downtown Ithaca, state parks, and commuter routes.
    • Turnkey Citgo gas station, laundromat, and leasable cafe space included; existing staff in place.
    • Leasable space suitable for food and beverage uses (ice cream, coffee, sandwiches).
    • Established passive income from the laundromat.
    • 6.6‑acre lot offers significant expansion or development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Young's Convenience Store Citgo Gas Station ATM Atm Newfield Convenience LLC Gas Station

    Suggested Use

    Realty agency Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Food Market Grocery Store Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    undefined
    County
    Tompkins
    State
    New York
    Longitude
    -76.553794330289
    Latitude
    42.388027870078

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    FAQs

    What type of property is this?
    Automotive property - Turnkey Gas Station, Laundromat, & More
    Where is this automotive property located?
    The property is located at 1253 Danby Rd undefined, NY.
    What are key features of this property?
    This property features: Prime location near downtown Ithaca, state parks, and commuter routes.; Turnkey Citgo gas station, laundromat, and leasable cafe space included; existing staff in place.; Leasable space suitable for food and beverage uses (ice cream, coffee, sandwiches).
    Request Owner's contact information
    1253 Danby Rd undefined, NY 14867
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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
    1253 Danby Rd undefined, NY 14867
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