600 Fulton St Ithaca, NY 14850
- Gas stations
- 3,318 SF
- 1.15 lot acres
Current Use by Public Records
- ATM (Route 13 Citgo) / Atm
- Mirabito Convenience Store / Convenience Store / Gas Station
Property Details for 600 Fulton St
- Year built
- 2001
- Lot size
- 1.15 lot acres
- Property size
- 3,318 SF
- Zone code
- I-1
- Property type
- Gas stations
- APN
- 500700 43.-2-8
- APU
- 5007004328
Description
This exceptional investment opportunity presents a thriving 3,318 square foot convenience store, gas station, and quick-service restaurant (QSR) located at 600 N Fulton St, Ithaca, NY 14850. The property sits on a 1.15-acre lot and enjoys excellent visibility and accessibility at the entrance to Ithaca on NY State Route 13, boasting high barriers to entry and limited competition. Currently operating under a single-tenant, triple-net (NNN) lease with Mirabito Holdings, the property offers a remaining lease term of 8.5 years with 100% occupancy. The asking price is $3,495,000, translating to a price per square foot of $1,053.35. This prime location near Ithaca's waterfront district benefits from numerous ongoing and planned development projects, ensuring continued growth and strong future prospects. The property's strategic positioning and established tenant make it an attractive investment for discerning buyers seeking a stable, high-return asset in a dynamic market. This turnkey operation requires minimal management, offering a compelling opportunity for passive income generation. The property's size, location, and tenant history combine to create a rare and valuable investment opportunity in the thriving Ithaca market.
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
- -76.5096
- Latitude
- 42.445
- CBSA code
- 27060
- CBSA name
- ITHACA, NY METROPOLITAN STATISTICAL AREA
