15 Catherwood RdIthaca, NY 14850

Property Details for 15 Catherwood Rd

Year built

1990

Lot size

3.06 AC

Property size (Sq ft)

37,600 SF

Property type

Retail properties

Property subtype

Strip malls

APN

503201 47.1-1-17.7

APU

5032014711177

Description

This exceptional 4,400-square-foot commercial space, located at 15 Catherwood Rd, Ithaca, NY 14850, is available for lease. Situated in the thriving North End business district, this single-tenant unit is part of Lansing Village Place, a plaza conveniently located off Route 13 and Triphammer Road. The property boasts a convenient small lobby leading into a spacious main area, complemented by several smaller rooms ideal for offices or meeting spaces. Built in 1990, this traditional office space is situated on a 3.06-acre lot within a larger 37,600 square foot building. The location offers unparalleled convenience with proximity to the Triphammer Mall, featuring various stores, a movie theater, and a major hospital. Additional nearby amenities include a gas station, hotel, grocery store, restaurants, and ample parking. This prime commercial space presents a fantastic opportunity for businesses seeking a well-located and functional office environment in Ithaca's dynamic commercial landscape. The property is in Tompkins County and falls within the Ithaca/Cortland/Elmira submarket. No elevators are present in the building.

• CAP approach

  CAP return

  Valuation

  6%

  $8,925,502

  6.5%

  $8,238,925

  7%

  $7,650,430

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,656,371

  Geo Method

  $12,380,296

• Alternative Use

  Use

  Valuation

  Residential

  $6,949,842

  Hospitality

  $6,366,018

  Educational

  $5,296,452

  Medical

  $5,478,605

  Retail

  $8,238,925

Location Insight

City

Ithaca

County

Tompkins

State

New York

Latitude

42.4844

Longitude

-76.4875

CBSA code

27060

CBSA name

ITHACA, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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