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Property profile & analytics
FOR SALE
Bars & Pubs

2331 Slaterville Rd Ithaca, NY 14850

5,000 SF 22.88 ac lot Built 1998
Individually Owned 21-yr Hold Free & Clear
Property ID
US63-6076448
2331 Slaterville Rd, Ithaca, NY 14850 For Sale
$1,097,000 5,000 SF
2331 Slaterville Rd, Ithaca, NY 14850
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Property summary
AI-generated overview

This exceptional commercial property, located at 2331 Slaterville Rd in Ithaca, NY, presents a unique investment opportunity. The property boasts a substantial 15,004 square feet of space, including a 7,000+ square foot indoor facility that's fully air-conditioned and handicap-accessible. This versatile space is ideal for a variety of uses, from hosting events to establishing a new business. Ample storage and garage space are also included, adding to the property's functionality. Situated on approximately 8 acres of land, the property offers extensive outdoor amenities. These include dedicated parking for 107 vehicles, a 1,600 square foot flagstone patio perfect for outdoor gatherings, a stone paver walkway leading to a picturesque gazebo, and a large covered flagstone patio. The property enjoys a prominent location on a high-traffic route into Ithaca, with a daily traffic count of 5,100 vehicles, ensuring high visibility and accessibility. This presents significant potential for growth and expansion. The property is priced at $1,190,000 and offers endless possibilities for innovative and expanding businesses in a desirable location within the Finger Lakes region. The combination of indoor and outdoor space, along with its convenient location, makes this a truly exceptional commercial property.

Property profile
Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1998
Total area 5,000 SF
Lot 22.88 ac (996,653 SF)
APN 502000 9.-1-39.321
UPID US63-6076448
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
  • Celebrations Wedding Service
  • Ithaca Marine Marina Boat Dealer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
David F Mazzarella · 21 yrs held
David F Mazzarella
since 2005
2 recorded transactions
2005
$1.0M
2004
$300,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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