407 Cliff St Ithaca, NY 14850
- Manufacturing properties
- 24,232 SF
- 2.77 lot acres
Current Use by Public Records
- Discover Ithaca / Hotel / Cruise Agency
Property Details for 407 Cliff St
- Year built
- 1987
- Lot size
- 2.77 lot acres
- Property size
- 24,232 SF
- Zone code
- R-3A
- Property type
- Manufacturing properties
- APN
- 500700 42.-2-5
- APU
- 5007004225
Description
This vacant 24,232 square foot manufacturing building sits on a 2.77-acre lot in Ithaca, New York, offering significant potential for adaptive reuse or continued light industrial/warehouse use. The property boasts 14' to 16' clear ceiling heights in the warehouse space, enhancing functionality and storage capacity. Access is facilitated by multiple overhead grade-level exterior and interior doors, complemented by three truck-level docks, ensuring efficient loading and unloading. The building comprises approximately 20,000 square feet of manufacturing/warehouse space and an additional 4,000 square feet of office space. Utilities are readily available, including public water and sewer, along with electric and gas services, supported by an 800-amp, three-phase electrical service. Ample on-site parking is provided, catering to employee and visitor needs. The property is strategically located on NYS Route 96, just outside the city of Ithaca, offering convenient access to transportation networks. The extensive yard space, partially fenced, adds to the property's versatility. This property presents a compelling opportunity for businesses seeking a well-equipped facility with substantial space and excellent access. The combination of warehouse, office, and flex space makes it suitable for a variety of uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,895,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,470,000
- 6.5%
- $1,315,000
- 7%
- $1,475,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,170,000
- Geo Method
- $1,495,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,240,000
- Retail
- $1,270,000
- Mixed-Use
- $1,215,000
- Hospitality
- $1,145,000
- Educational
- $1,230,000
- Residential Income
- $1,570,000
- Energy
- $1,325,000
- Income-Based Land
- $1,165,000
- Food Service
- $1,265,000
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.5156
- Latitude
- 42.4452
- CBSA code
- 27060
- CBSA name
- ITHACA, NY METROPOLITAN STATISTICAL AREA
