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Property profile & analytics
OFF-MARKET Estimated value $595,000
Drive through restaurants

2301 Triphammer Rd Ithaca, NY 14850-1011

3,003 SF 1.29 ac lot Built 1995
Individually Owned 14-yr Hold Free & Clear
Property ID
US63-0121331
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pizza Hut Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$463k
Blend (final) Blend
$595k
Owner & transaction history
Thomas Seaney · 14 yrs held
Thomas Seaney
since 2012
Last sale
$825,000
3 recorded transactions
2012
$775,000
2005
$621,078
2005
$419,288
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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