1636 Shore Dr Ithaca, NY 14850
- Bars
- 6,488 SF
- 1.96 lot acres
Current Use by Public Records
- LakeWatch Inn / Wedding Venue / Event Venue
Property Details for 1636 Shore Dr
- Year built
- 1990
- Lot size
- 1.96 lot acres
- Property size
- 6,488 SF
- Property type
- Bars
- APN
- 503201 42.1-1-28.2
- APU
- 5032014211282
Description
This exceptional 6,488 square foot banquet and event center presents a unique investment opportunity in Ithaca, New York. Situated on nearly 12 acres of beautifully landscaped grounds, the property boasts stunning views of Cayuga Lake. The building comfortably accommodates up to 300 guests inside, featuring a large dance floor and a fully equipped, turnkey commercial kitchen. A spacious back deck expands seating capacity, while the extensive grounds provide an idyllic setting for outdoor ceremonies and events. The center currently operates as a successful venue hosting weddings, banquets, and parties, and also offers outside catering services. Its convenient location offers easy access to Cornell University, Ithaca College, numerous hotels, and the vibrant downtown Ithaca business district. Adding to its potential, an additional 10 acres of adjoining land overlooking Cayuga Lake presents significant development opportunities for expansion or future projects. This turnkey operation offers a rare combination of established revenue streams and substantial growth potential in a highly desirable location. The property's size, amenities, and picturesque setting make it an exceptional choice for a discerning investor seeking a profitable and established business in the thriving Ithaca market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.5097
- Latitude
- 42.5107
- CBSA code
- 27060
- CBSA name
- ITHACA, NY METROPOLITAN STATISTICAL AREA
