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Property profile & analytics
OFF-MARKET
Bars & Pubs

2303 Mecklenburg Rd Ithaca, NY 14850-9391

6,250 SF 1.63 ac lot Built 1976
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US63-0430018
Property summary
AI-generated overview

This exceptional commercial property, located at 2303 Mecklenburg Road in Ithaca, New York, presents a significant opportunity for investors and business owners alike. Boasting a substantial 6,250 square feet of space, this general commercial building sits on a generous 1.63-acre lot, offering ample room for expansion, outdoor activities, or additional development. The property's strategic location in Ithaca provides excellent visibility and accessibility, making it ideal for a wide range of commercial uses. The asking price of $295,000 represents a compelling value for a property of this size and potential in a thriving market. The building's interior layout is adaptable and can be customized to suit various business needs. The expansive lot offers significant parking possibilities, a crucial asset for any commercial enterprise. Given its size and location, this property is well-suited for a variety of businesses, from retail and office spaces to light industrial uses. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Don't miss this chance to acquire a prime commercial property in a desirable location. Further details and viewing arrangements can be made upon request.

Property profile
Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1976
Total area 6,250 SF
Lot 1.63 ac (71,003 SF)
APN 502600 7.-3-2
UPID US63-0430018
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
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
Pha Paw · 1 yrs held
Pha Paw
since 2025
Last sale
$280,000
2 recorded transactions
2025
$280,000
2023
$78,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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