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    31 Dutch Mill Rd Ithaca, NY 14850

    For Sale
    $1,100,000

    13,294 SF Office Building, 1.93 Acres

    Property size:
    13,294 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 13,294-square-foot executive office building presents a unique investment opportunity in Ithaca, New York. Located on a spacious 1.93-acre lot within a business park, this single-story Class B property enjoys convenient proximity to Cornell University's Business & Technology Park and the regional airport. Currently vacant, the building offers a flexible layout ideal for a variety of professional uses. The interior features a mix of private offices, open areas suitable for workstations or cubicles, multiple meeting rooms, a kitchenette/break room, ample storage, and versatile flex space. The building also includes restrooms and an IT room. The property boasts abundant on-site parking, catering to employee and client needs. Zoned for commercial use, allowing for office and light industrial applications, this property is well-suited for professional office users, non-profit organizations, health and wellness businesses, or investors seeking a strong return. The asking price is $1,100,000, and the purchase of existing furniture and furnishings is negotiable. This prime location and versatile space make this an attractive opportunity in Ithaca's Northeast Business District. The property's woodland setting provides a tranquil and productive work environment.

    Property Features for 31 Dutch Mill Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    13,294 SF
    Class
    B
    Lot Size
    84,071 SF

    Building Details

    Stories
    1

    HighLights

    • 13,294 SF single‑story office building in Ithaca's Northeast Business District.
    • Located on a 1.93‑acre lot within a business park, offering a tranquil woodland setting.
    • Features a flexible layout including private offices, open workspace, meeting rooms, kitchenette, IT room, restrooms, storage, and flex space.
    • Zoned for commercial use, allowing office and light industrial applications.
    • Ample on‑site parking.
    • Furniture and furnishings are negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Envisage Information Systems Software Company

    Suggested Use

    Realty agency Hotel & Motel Storage Facility Furniture Store Electronics Store Computer & Electronic Repair Bed & Breakfast Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.4666959
    Latitude
    42.5083578

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    FAQs

    What type of property is this?
    Office Property / Space - 13,294 SF Office Building, 1.93 Acres
    Where is this office property / space located?
    The property is located at 31 Dutch Mill Rd Ithaca, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 13,294 SF single-story office building in Ithaca's Northeast Business District.; Located on a 1.93-acre lot within a business park, offering a tranquil woodland setting.; Features a flexible layout including private offices, open workspace, meeting rooms, kitchenette, IT room, restrooms, storage, and flex space.
    (607) 227-7558
    Request Owner's contact information
    31 Dutch Mill 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
    31 Dutch Mill Rd Ithaca, NY 14850
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