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    2432 Triphammer Rd Ithaca, NY 14850

    Sponsored
    For Sale
    $1,800,000

    8,005 SF Medical Office - $1.8M

    Property size:
    8,005 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,005-square-foot medical office building, constructed in 2006, presents a compelling investment opportunity in Ithaca, New York. The single-story Class B building sits on a 0.96-acre lot and boasts a prime location within a thriving healthcare cluster near The Shops at Ithaca Mall. Its high-visibility position at the signalized intersection of N. Triphammer Road (8,167 AADT) and Craft Road ensures significant exposure. The property offers ample parking for staff and patients, a crucial amenity in a busy medical setting. Conveniently situated, it's only 0.7 miles from Route 13, 2.5 miles from Cornell University, and 7 miles from Cayuga Medical Center. The surrounding area includes several established healthcare practices, creating a synergistic environment. The building is zoned for Commercial Low Traffic, ensuring operational efficiency. The asking price is $1,800,000, translating to $224.86 per square foot. This represents a strong value proposition for investors seeking a well-located, established medical office building in a growing market. The property's proximity to major roadways, Cornell University, and a concentration of healthcare providers makes it an ideal location for a variety of medical practices. This is a rare opportunity to acquire a turnkey medical office building in a desirable location.

    Property Features for 2432 Triphammer Rd

    General Information

    Property type
    Medical offices
    Square Feet
    8,005 SF
    Class
    B
    Lot Size
    41,818 SF

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    1

    HighLights

    • 8,005 SF medical office building built in 2006, Ithaca, NY.
    • Located on a 0.96‑acre lot in a thriving healthcare cluster near The Shops at Ithaca Mall.
    • High‑visibility location at a signalized intersection with ample parking.
    • Close proximity to Route 13, Cornell University, and Cayuga Medical Center.
    • Zoned Commercial Low Traffic; asking price: $1,800,000 ($224.86/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Ravjyot Chawla Cardiologist Ashlin Thuman Nurse Practitioner Brian Marino, DO Cardiologist Dr. Jonathan Mauser Internist Sara Foster Nurse Practitioner

    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
    -76.489749885917
    Latitude
    42.490743003769

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    FAQs

    What type of property is this?
    Medical office - 8,005 SF Medical Office - $1.8M
    Where is this medical office located?
    The property is located at 2432 Triphammer Rd Ithaca, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 8,005 SF medical office building built in 2006, Ithaca, NY.; Located on a 0.96-acre lot in a thriving healthcare cluster near The Shops at Ithaca Mall.; High-visibility location at a signalized intersection with ample parking.
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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
    2432 Triphammer Rd Ithaca, NY 14850
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