Property profile

410 Elmira Rd Ithaca, NY 14850

OFF-MARKET
Strip malls
Property ID
US63-4337874
18,292 SF 5.58 ac lot Built 2007
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity presents a fully vacant, 6,862 square foot shopping center located at 410 Elmira Road in Ithaca, New York, within Tompkins County (zip code 14850). The property is classified as a multi-tenant retail shopping center, offering significant potential for a variety of businesses. The entire space, totaling 6,862 square feet, is currently available for lease. This presents a unique chance to establish a flagship location or create a vibrant retail hub. The property's address is strategically situated in Ithaca, providing excellent visibility and accessibility to a substantial customer base. The building's size allows for flexible configurations to suit diverse business needs. This is an ideal location for businesses seeking high-traffic exposure in a thriving community. The property's location offers convenient access to major transportation routes, ensuring ease of access for both customers and employees. With its ample square footage and prime location, this shopping center represents a compelling investment opportunity for discerning entrepreneurs and businesses seeking to expand their reach in the Ithaca market. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Total area 18,292 SF
Lot 5.58 ac (243,065 SF)
Zoning code SW-3
APN 500700 131.-1-6.2
UPID US63-4337874

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Rental Equipment Company
  • Big Box & Wholesale Store
  • Building Supply Hardware & Home Improvement
  • General Contractor
  • Theater & Performing Art Venue

Location

410 Elmira Rd Ithaca, NY 14850-8760
Ithaca metro Census 1000 ITHACA, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

Zoning & alternative use

SW-3 · Ithaca, NY
Zoning description

The purpose of this zoning district is to provide one family detached dwelling, two family dwelling, multi family, church and related building, funeral home or mortuary, business or professional office, retail store or s…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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