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    Property profile & analytics
    OFF-MARKET Estimated value $745,000
    Investment properties

    158 State St, Ithaca, NY 14850-5542

    5,336 SF 0.03 ac lot Built 1980
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US63-2834508
    Property summary
    AI-generated overview

    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
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1980
    Total area 5,336 SF
    Lot 0.03 ac (1,357 SF)
    Zoning code CBD-60
    APN 500700 70.-2-14
    UPID US63-2834508
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • American Crafts by Robbie Dein (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $850k
    Comparable Approach Comparable
    $681k
    Blend (final) Blend
    $745k
    Owner & transaction history
    Tioga 851 LLC · 3 yrs held
    Tioga 851 LLC
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    CBD-60 · Ithaca, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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