520 State St Ithaca, NY 14850
- Office Properties & Spaces
- 8,424 SF
- 0.42 lot acres
Current Use by Public Records
- VonBergen Chiropractic Health Care / Chiropractor
Property Details for 520 State St
- Year built
- 1980
- Lot size
- 0.42 lot acres
- Property size
- 8,424 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 8,424 square foot brick office building presents a compelling investment opportunity in Ithaca's vibrant downtown West End. Currently boasting five fully leased spaces with a stable, long-term tenant base, this property ensures immediate cash flow. Its strategic location directly off Route 13N provides unparalleled visibility and accessibility, maximizing tenant appeal. The building's unique positioning, spanning from State Street to Seneca Street, offers two convenient access points, further enhancing its desirability. Ample parking is provided with 19 dedicated spaces, a significant advantage in this bustling area. The property sits on a 0.42-acre lot and is zoned to allow for a five-story building, presenting significant potential for future expansion and development, allowing for substantial growth in the years to come. The asking price for this prime commercial property is $950,000. This represents a rare chance to acquire a well-established, income-producing asset with considerable upside potential in a thriving New York market. Detailed information on recent updates and improvements is available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.5073
- Latitude
- 42.4394
