Property summary
This exceptional business opportunity presents the chance to acquire American Crafts by Robbie Dein, a highly respected and long-standing (52 years) gift store and gallery situated in a landmark building on the vibrant Ithaca Commons. Boasting a diverse customer base spanning local, national, and international clientele, this business offers a unique blend of physical retail and a thriving online presence. The sale includes all equipment, furnishings, and fixtures, providing a turnkey operation for the new owner. Inventory is available for separate purchase. A comprehensive financial package is available upon execution of a non-disclosure agreement (NDA). The current owner is committed to providing transitional training to ensure a smooth handover. This well-established business benefits from a long-term lease with favorable terms. Note that the building itself is also available for separate purchase. Accompanying marketing materials, including a sales flyer and video, further highlight the exceptional attributes of this opportunity. This is a rare chance to own a piece of Ithaca's rich history and a thriving, profitable business. The business's strong reputation and established customer base provide a solid foundation for continued success and growth. Don't miss this opportunity to own a piece of Ithaca's legacy. The 1,670 square foot space is ideally located for maximum visibility and foot traffic.
Property profile
VerifiedCap rate & NOI
Current use
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Ithaca market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CBD-60 · Ithaca, NYThe 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBD-60 in Ithaca, NY.
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Find the owner behind the property.
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