For Lease
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Property summary
This exceptional 8,005-square-foot medical office building, constructed in 2006, presents a compelling investment opportunity in Ithaca, New York. The single-story Class B building sits on a 0.96-acre lot and boasts a prime location within a thriving healthcare cluster near The Shops at Ithaca Mall. Its high-visibility position at the signalized intersection of N. Triphammer Road (8,167 AADT) and Craft Road ensures significant exposure. The property offers ample parking for staff and patients, a crucial amenity in a busy medical setting. Conveniently situated, it's only 0.7 miles from Route 13, 2.5 miles from Cornell University, and 7 miles from Cayuga Medical Center. The surrounding area includes several established healthcare practices, creating a synergistic environment. The building is zoned for Commercial Low Traffic, ensuring operational efficiency. The asking price is $1,800,000, translating to $224.86 per square foot. This represents a strong value proposition for investors seeking a well-located, established medical office building in a growing market. The property's proximity to major roadways, Cornell University, and a concentration of healthcare providers makes it an ideal location for a variety of medical practices. This is a rare opportunity to acquire a turnkey medical office building in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Physician
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Physician
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Ithaca market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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