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Property profile & analytics

407 Cliff St Ithaca, NY 14850

  • Manufacturing properties
  • 24,232 SF
  • 2.77 lot acres
For Sale
Last Sale
Mar 24, 2022
$1,370,000
Value Estimations
Cap Rate Potential
7.9%
Manufacturing properties
Location Intelligence
Property ID
US63-0132707
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Discover Ithaca / Hotel / Cruise Agency

Property Details for 407 Cliff St

Year built
1987
Lot size
2.77 lot acres
Property size
24,232 SF
Zone code
R-3A
Property type
Manufacturing properties
APN
500700 42.-2-5
APU
5007004225

Description

This vacant 24,232 square foot manufacturing building sits on a 2.77-acre lot in Ithaca, New York, offering significant potential for adaptive reuse or continued light industrial/warehouse use. The property boasts 14' to 16' clear ceiling heights in the warehouse space, enhancing functionality and storage capacity. Access is facilitated by multiple overhead grade-level exterior and interior doors, complemented by three truck-level docks, ensuring efficient loading and unloading. The building comprises approximately 20,000 square feet of manufacturing/warehouse space and an additional 4,000 square feet of office space. Utilities are readily available, including public water and sewer, along with electric and gas services, supported by an 800-amp, three-phase electrical service. Ample on-site parking is provided, catering to employee and visitor needs. The property is strategically located on NYS Route 96, just outside the city of Ithaca, offering convenient access to transportation networks. The extensive yard space, partially fenced, adds to the property's versatility. This property presents a compelling opportunity for businesses seeking a well-equipped facility with substantial space and excellent access. The combination of warehouse, office, and flex space makes it suitable for a variety of uses.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,895,000
    ML approach
    $1,645,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $2,500,000
    6.5%
    $2,305,000
    7%
    $2,140,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Ithaca
County
Tompkins
State
New York
Longitude
-76.5156
Latitude
42.4452
CBSA code
27060
CBSA name
ITHACA, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$115,000
$1,045,000
$1,160,000
-
$115,000
$1,045,000
$1,160,000
More about this property
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