You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Turn key restaurants

2079 Shr Dr Lansing, NY 14882-9001

8,856 SF 0.59 ac lot Built 1975
Individually Owned 10-yr Hold Free & Clear
Property ID
US63-0417917
Property summary
AI-generated overview

This exceptional investment opportunity presents a profitable, turnkey operation in the heart of the Greater Ithaca Area. The property encompasses two commercial buildings totaling 13,248 square feet situated on a 1.13-acre lot. The main building, a historic three-story structure built in 1830, houses an eight-room bed and breakfast with a strong booking history and a separate retail space currently available for lease. A second, smaller building (1,440 sq ft) is fully leased to a retail tenant, providing additional income. The property also includes a fully equipped and fixtured pub and restaurant, currently under separate lease for an additional $100,000 asking price, with seating for over 90 patrons both indoors and outdoors. This established business boasts a loyal local clientele and benefits from its location on the Cayuga Wine Trail and the Finger Lakes Beer Trail, attracting significant tourist traffic. The property's prime location offers easy access to downtown Ithaca, Cornell University, and Cayuga Lake. This multi-income stream property is a rare find, offering a blend of historical charm and significant financial potential. The property is classified as Class B retail, with a modified lease type and 100% occupancy across its two units. The asking price for this unique offering is $995,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1975
Total area 8,856 SF
Lot 0.59 ac (25,700 SF)
Zoning code B1
APN 503289 37.1-2-2
UPID US63-0417917
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
  • The Corner Pub at Rogues Harbor Nightclub Bar & Pub
  • Rogues Harbor Inn 1830 LLC Bed & Breakfast Restaurant
  • Stouthearted Jewelry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rogues Harbor · 10 yrs held
Rogues Harbor
since 2015
1 recorded transaction
2015
$630,000
Zoning & alternative use
B1 · Lansing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2079 Shr Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message