436 Aurora St Ithaca, NY 14850
- Investment properties
- 1,722 SF
- 0.09 lot acres
Current Use by Public Records
- Duthie & Subtelny / Dentist
- Duthie Robert C DDS / Dentist
- Dr. Gregory Subtelny, DDS / Dentist
Property Details for 436 Aurora St
- Year built
- 1970
- Lot size
- 0.09 lot acres
- Property size
- 1,722 SF
- Zone code
- R-2B
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 500700 46.-6-8
- APU
- 5007004668
Description
This exceptional investment opportunity in Ithaca, NY, presents two parcels totaling 0.19 acres at 436 N Aurora St. The first parcel features a charming 1829 sq ft, two-story building ideally situated in the desirable Fall Creek neighborhood, just three blocks from the vibrant Ithaca Commons. The main level currently functions as a professional office space, complete with a waiting room, reception area, four individual offices, and additional versatile rooms. The upper level offers ample space suitable for residential use, potentially as a single-family home or rental unit. This upper level could also be used as additional office space. The property includes on-site parking behind the building and an existing barn with potential for restoration. The second parcel is a vacant 0.19-acre lot currently used as a parking area, accommodating approximately a dozen vehicles. This lot presents significant development potential, allowing for the construction of a single-family home, duplex, or other suitable structure. The property's central location provides easy access to the TCAT bus route, Cascadilla Creek, parks, and all the amenities Ithaca offers. This combined offering presents a unique opportunity for investors seeking a blend of existing income potential and future development possibilities in a highly sought-after area. The sale includes both the office building and the vacant lot, creating a rare and compelling investment package.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $255,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $275,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $290,000
- Mixed-Use
- $330,000
- Hospitality
- $270,000
- Educational
- $260,000
- Residential Income
- $300,000
- Energy
- $320,000
- Income-Based Land
- $270,000
- Food Service
- $280,000
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.4962
- Latitude
- 42.4443
- CBSA code
- 27060
- CBSA name
- ITHACA, NY METROPOLITAN STATISTICAL AREA
