158 State St, Ithaca, NY 14850-5542
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.
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American Crafts by Robbie Dein (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CBD-60 · Ithaca, NYIthaca. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.