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Property profile & analytics

158 State St Ithaca, NY 14850-5542

  • Investment properties
  • 5,336 SF
  • 0.03 lot acres
OFF-MARKET
Last Sale
Jul 19, 2022
Value Estimations
$745,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US63-2834508
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

  • American Crafts by Robbie Dein / Gift Shop / Art Gallery

Property Details for 158 State St

Year built
1980
Lot size
0.03 lot acres
Property size
5,336 SF
Zone code
CBD-60
Property type
Investment properties
Property subtype
Live-work space
APN
500700 70.-2-14
APU
50070070214

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $920,000
    6.5%
    $850,000
    7%
    $790,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $680,000
    Market price range: $257k - $762k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $850,000
    Current use
    OFFICE BUILDING
    $790,000
    Change: -7% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Ithaca
County
Tompkins
State
New York
Longitude
-76.497
Latitude
42.4398
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
2023
$0.00
$155,000
$520,000
$675,000
-
$155,000
$520,000
$675,000
More about this property
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