Technical
Financial
Distress signals
Property profile

130 Seneca St Ithaca, NY 14850

OFF-MARKET
Hotels
Property ID
US63-3468790
185,997 SF 0.17 ac lot Built 2005
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a restaurant space within Seneca Place, a mixed-use, nine-story building in downtown Ithaca anchored by a 104-room Hilton Garden Inn and also containing approximately 93,000 square feet of Class-A office space. The restaurant space totals 5,330 square feet, including 3,040 square feet for a dining room and bar area and 2,290 square feet for a fully equipped commercial kitchen. The configuration supports seating for approximately 150 people, both inside and outdoors. The building is located one block off the Commons at the corner of Seneca Street and Tioga Street, with nearby municipal parking and on-street parking; there is also a Starbucks as an adjacent tenant.

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2005
Total area 185,997 SF
Lot 0.17 ac (7,524 SF)
Zoning code CBD-140
APN 500700 61.-5-10
UPID US63-3468790

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Electric Vehicle Charging Station
  • Hotel & Motel
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Financial Advisor

Location

130 Seneca St Ithaca, NY 14850-4356
Ithaca metro Census 100 ITHACA, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.70M

Owner & transaction history

since 2019
3 recorded transactions
2019
$23.6M
2019
Price N/A
1969
Price N/A

Zoning & alternative use

CBD-140 · Ithaca, NY
Zoning description

The purpose of this zoning district is to provide one family detached dwelling, two family dwelling, multi family, church and related building, funeral home or mortuary, business or professional office, retail store or s…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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