101 State St Ithaca, NY 14850

This exceptional commercial property at 101 W State St, Ithaca, NY, presents a unique investment opportunity. The 4,500 square foot building sits on a 0.03-acre corner lot at the intersection of State and Cayuga Streets, offering unparalleled visibility and high foot traffic. For over 75 years, the ground floor has housed the renowned Chanticleer, a beloved family-owned bar, adding significant historical value and established clientele. The second floor, previously a thriving bar area, is perfectly suited for private events or expansion of the existing business. The expansive third floor provides versatile space, adaptable for residential conversion into an apartment or as additional office space. The property's prime location next to the State Theater further enhances its appeal and potential. The asking price of $1,100,000 includes both the building and the established business, offering a turnkey operation with immediate revenue potential. This is a chance to own a piece of Ithaca's vibrant history and capitalize on a highly desirable location in the heart of the city's bustling commons. The three-way stop at the corner ensures maximum exposure to potential customers and passersby. Don't miss this rare opportunity to acquire a landmark property with significant upside.