Property profile

2301 N Triphammer Rd Ithaca, NY 14850

FOR SALE
Drive through restaurants
Property ID
US63-0121331
3,003 SF 1.29 ac lot Built 1995
Individually Owned 14-yr Hold Free & Clear
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For Sale
$995,000 3,003 SF
2301 N Triphammer Rd, Ithaca, NY 14850
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Property summary

AI-generated overview

This exceptional retail opportunity presents itself at the Cayuga Shopping Center, a well-established commercial property in Tompkins County, NY. Boasting a total of 220,305 square feet across seven stories, this multi-tenant center offers immediate availability with 7,873 square feet of vacant space. Individual spaces range from a minimum of 1,900 square feet to a maximum contiguous space of 3,155 square feet, providing flexibility for various retail businesses. The center currently houses seven stores and benefits from high visibility due to its main road exposure. Ample parking is available with over 1,000 spaces for customers and employees. The property sits on a substantial 66.6-acre lot and is zoned C, allowing for a variety of commercial uses. Built in 1969, the center features convenient amenities such as a dedicated turn lane, pylon signage, and a signalized intersection, ensuring optimal accessibility and visibility for tenants. This is a rare opportunity to secure prime retail space in a thriving commercial center with significant potential for growth and success. The property offers a total of 48,413 square feet of available retail space.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1995
Total area 3,003 SF
Lot 1.29 ac (56,192 SF)
APN 503201 46.1-5-4.3
UPID US63-0121331

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering

Location

2301 N Triphammer Rd Ithaca, NY 14850
Ithaca metro Census 1500 ITHACA, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$463k
Blend (final) Blend
$265k

Owner & transaction history

since 2012
Last sale
$825,000
3 recorded transactions
2012
$775,000
2005
$621,078
2005
$419,288

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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