436 Aurora St Ithaca, NY 14850-4235
This exceptional investment opportunity in Ithaca, NY, presents two parcels totaling 0.19 acres at 436 N Aurora St. The first parcel features a charming 1829 sq ft, two-story building ideally situated in the desirable Fall Creek neighborhood, just three blocks from the vibrant Ithaca Commons. The main level currently functions as a professional office space, complete with a waiting room, reception area, four individual offices, and additional versatile rooms. The upper level offers ample space suitable for residential use, potentially as a single-family home or rental unit. This upper level could also be used as additional office space. The property includes on-site parking behind the building and an existing barn with potential for restoration. The second parcel is a vacant 0.19-acre lot currently used as a parking area, accommodating approximately a dozen vehicles. This lot presents significant development potential, allowing for the construction of a single-family home, duplex, or other suitable structure. The property's central location provides easy access to the TCAT bus route, Cascadilla Creek, parks, and all the amenities Ithaca offers. This combined offering presents a unique opportunity for investors seeking a blend of existing income potential and future development possibilities in a highly sought-after area. The sale includes both the office building and the vacant lot, creating a rare and compelling investment package.
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Duthie & Subtelny Dental Office
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Duthie Robert C DDS Dental Office
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Dr. Gregory Subtelny, DDS Dental Office
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
R-2B · 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.