Financial
Distress signals
Property profile

508 State St Ithaca, NY 14850

OFF-MARKET
Bars & Pubs
Property ID
US63-0207213
1,507 SF 0.05 ac lot Built 1975
Last sale Apr 2016 · $224,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Commercial property in Ithaca with a total building area of 1,507 square feet, including two bathrooms and a storage area. The building is located near the Iron Works Ithaca housing and retail development, next door to GIMMEE Coffee, Saigon Kitchen, Maru Ramen, and the State Diner, and is positioned off Route 13 North, contributing to high vehicular traffic. It was historically operated as a convenience store (Dream Grab & Go). Interior improvements include fresh paint and updated mechanical

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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

What does the county charge?
Assessed value · 2023$225k
Assessed land$25k
Assessed improvement$200k

Value estimate

· Sep 2026
$265k
$239k – $292k
AI approach$265k

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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

508 State St Ithaca, NY 14850-5222
County assessor Recorded deeds · 4 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2301 Triphammer, Ithaca, NY 14850-1011 $825,000 Jul 2024 3,003 SF
2315 Triphammer, Ithaca, NY 14850-1011 $1,250,000 May 2024 2,400 SF
209 Pier, Ithaca, NY 14850 $115,000 Jan 2024 1,320 SF
311 Fulton, Ithaca, NY 14850-3222 $50,000 Jun 2023 792 SF
1274 Dryden, Ithaca, NY 14850-8795 $630,000 Sep 2022 3,000 SF
920 Cayuga, Ithaca, NY 14850-3614 $52,000 Dec 2021 2,064 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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