Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    420 State St Ithaca, NY 14850

    • Parking lots & garages
    • 0.14 lot acres
    For Sale
    View listing
    $795,000
    Value Estimation
    Last Sale
    Apr 22, 2024
    Location Intelligence
    Property ID
    US63-2807270
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 420 State St

    Lot size
    0.14 lot acres
    Zone code
    B-2C
    Property type
    Parking lots & garages
    APN
    500700 71.-1-18
    APU
    50070071118

    Description

    This exceptional commercial property, located at 420 W State St in Ithaca, NY's vibrant West End, presents a unique investment opportunity. The property encompasses two buildings totaling over 9,752 square feet situated on a 0.3-acre lot. The main building currently functions as a retail space, while the second building serves as a warehouse. This strategic location boasts 81 feet of frontage on West State Street, with a right-of-way providing access to nearby West Seneca Street. The property's zoning permits the construction of a building up to five stories high, offering significant development potential. An adjacent property at 416 W State Street is also available for acquisition, expanding the developable footprint to 0.4 acres. This prime location places the property within easy walking distance of Ithaca Commons, and in close proximity to Ironworks Ithaca, a recently completed five-story mixed-use development featuring residential units and retail space. The sale includes both land and buildings, making this an ideal opportunity for investors seeking to capitalize on the growing West End business district. A sales flyer is available for further details.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $330,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $355,000
      Mixed-Use
      $285,000
      Hospitality
      $285,000
      Educational
      $315,000
      Residential Income
      $355,000
      Energy
      $285,000
      Income-Based Land
      $285,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.5049
    Latitude
    42.4396
    CBSA code
    27060
    CBSA name
    ITHACA, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $3,125
    $80,000
    $0.00
    $80,000
    -
    $80,000
    $0.00
    $80,000

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      540 State St

      PARKING LOT • 0.03 Acres
      540 State St, Ithaca, NY 14850-5222
      View Details
    • Value Estimation by Request
      2.48 Acres

      800 Warren Rd

      PARKING LOT • 2.48 Acres
      800 Warren Rd, Ithaca, NY 14850-1266
      View Details
    • Value Estimation by Request
      0.06 Acres

      Williams St

      PARKING LOT • 0.06 Acres
      Williams St, Ithaca, NY 14850
      View Details
    • Value Estimation by Request
      0.40 Acres

      516 Albany St, Unit 18

      PARKING LOT • 0.40 Acres
      516 Albany St, Ithaca, NY 14850-4064
      View Details
    • Value Estimation by Request
      0.09 Acres

      Geneva S St

      PARKING LOT • 0.09 Acres
      Geneva S St, Ithaca, NY 14850
      View Details
    • Value Estimation by Request
      0.15 Acres

      522 Grn St, Unit 24

      PARKING LOT • 0.15 Acres
      522 Grn St, Ithaca, NY 14850-5252
      View Details

    Similar Nearby for Sale

    • $3,495,000
      3,318 SF

      Ithaca Retail Investment Opportunity

      High-Traffic Convenience Store & Gas Station
      600 Fulton St, Ithaca, NY 14850
      View Details
    • $795,000
      9,752 SF

      Downtown Ithaca Mixed-Use Opportunity

      Prime Ithaca location, 9,752 SF, redevelopment potential.
      420 State St, Ithaca, NY 14850
      View Details
    • Contact for pricing
      11,000 SF

      Ithaca Retail Redevelopment Opportunity

      Big box spaces, prime Ithaca location.
      40 Catherwood Rd, Ithaca, NY 14850
      View Details
    • $995,000
      6,488 SF

      Ithaca Event Center - $995K

      Prime Event Venue, 6,488 SF, 12 Acres
      1636 Shore Dr, Ithaca, NY 14850
      View Details
    • $385,000
      1,507 SF

      Ithaca Investment Opportunity For Sale

      Commercial property with a 5-year NNN lease in Ithaca, NY.
      508 W State St, Ithaca, NY 14850
      View Details
    • New
      $2,000,000
      10,193 SF

      Prime Ithaca Commercial Corner Property

      Fully leased commercial property in Ithaca's desirable Fall Creek neighborhood.
      1201-15 N Tioga St, Ithaca, NY 14850
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      4,400 SF

      Prime Commercial Space For Lease

      4400 SF commercial space in Ithaca's North End Business District.
      15 Catherwood Rd, Ithaca, NY 14850
      View Details
    • Contact for pricing
      220,305 SF

      Cayuga Shopping Center: Retail Opportunity

      Prime Retail Space, Tompkins County, NY
      2301 Triphammer Rd, Ithaca, NY 14850
      View Details
    • $15 SF/Yr
      158,959 SF

      Community Shopping Center Retail Space

      Community shopping center with retail, restaurant, and office spaces.
      2255 Triphammer Rd North, Ithaca, NY 14850
      View Details
    • $15 SF/Yr
      158,959 SF

      Community Shopping Center Retail Space

      Community shopping center with retail, restaurants, services, and medical offices.
      2255 Triphammer Rd North, Ithaca, NY 14850
      View Details
    • Contact for pricing
      3,155 SF

      Retail Space in Cayuga Center

      Available retail spaces in a large shopping center.
      2309 N Triphammer Rd, Ithaca, NY 14850
      View Details
    • Contact for pricing
      6,862 SF

      Retail Space on Elmira Road

      Retail space available for lease on Elmira Road.
      410 Elmira Rd, Ithaca, NY 14850
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    420 State St
    Ithaca, NY 14850
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.