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Property profile & analytics
OFF-MARKET
Turn key restaurants

319 Taughannock Blvd Ithaca, NY 14850-3230

2,609 SF 0.07 ac lot Built 1970
Entity Owned ~ Est. High Equity
Property ID
US63-6156612
Property summary
AI-generated overview

Kelly's Dockside, a renowned Ithaca landmark, presents a unique investment opportunity. This 2,609 square foot restaurant boasts a rich history as the oldest continuously operated and owner-run establishment in Ithaca, celebrating 50 years of serving the community. Situated on a 0.07-acre lot directly on the Cayuga Lake waterfront, the property offers unparalleled access, reachable both by road and water. This prime location places it at the heart of Ithaca's vibrant culinary scene within the picturesque Finger Lakes region. The restaurant is fully equipped and ready to continue its legacy of providing exceptional dining experiences. The sale includes the established business and its associated assets, offering a turnkey operation for a prospective buyer. This is a rare chance to acquire a well-established, profitable business with significant historical value and immense potential for future growth in a highly desirable location. The property's waterfront setting and convenient access points ensure high visibility and accessibility for patrons. The asking price for this exceptional property is $1,100,000. This represents a significant opportunity for an investor seeking a proven, established business in a prime location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Total area 2,609 SF
Lot 0.07 ac (3,069 SF)
Zoning code WF-1C
APN 500700 58.-3-3
UPID US63-6156612
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
  • LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Clarence Elliot LLC
Clarence Elliot LLC
since 2025
Last sale
$1.1M
2 recorded transactions
2025
$1.1M
2005
$15,000
Zoning & alternative use
WF-1C · Ithaca, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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