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Financial
Distress signals
Property profile

420 West State St Ithaca, NY 14850

FOR LEASE
Parking lots & garages
Property ID
US63-2807270
0.14 ac lot
Last sale Dec 2025 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional commercial property, located at 420 W State St in Ithaca, NY's vibrant West End, presents a unique investment opportunity. The property encompasses two buildings totaling over 9,752 square feet situated on a 0.3-acre lot. The main building currently functions as a retail space, while the second building serves as a warehouse. This strategic location boasts 81 feet of frontage on West State Street, with a right-of-way providing access to nearby West Seneca Street. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$3k
Tax billed · 2020
Assessed value · 2023$80k
Assessed land$80k
Effective rate3.91%

Value estimate

· Oct 2026
$250k
$225k – $275k
AI approach$250k
NOI build-up
Gross scheduled income$121k
Vacancy & credit loss−$5k
Operating expenses−$35k
NOI · 559,882.76% cap applied$81k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
559,882.76%
$81k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-2C
JurisdictionTOMPKINS

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand index
Dry Cleaner9.0
Watch Repair Shop8.7
Shoe Repair8.6

Location

420 West State St Ithaca, NY 14850
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Esty, Ithaca, NY 14850 $1,425,000 Oct 2025 No data
404 Fulton, Ithaca, NY 14850 $1,425,000 Oct 2025 No data
912 State, Ithaca, NY 14850-3314 $1,100,000 Sep 2025 No data
601 Dryden Rd, Ithaca, NY 14850-4825 $450,000 Jul 2025 No data
644 Enfield Fls, Ithaca, NY 14850-8742 $475,000 May 2025 1,544 SF
1700 Trumansburg, Ithaca, NY 14850-9268 $41,500 Dec 2024 3,972 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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