319 Taughannock Blvd Ithaca, NY 14850-3230
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
WF-1C · Ithaca, NYIthaca. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.