531 Esty St, Ithaca, NY 14850-3250
- Office buildings
- 15,600 SF
- 0.34 lot acres
Current Use by Public Records
- Grammatech Inc / (Bike/Boat/Book/etc) Store / Corporate Office
Property Details for 531 Esty St
- Year built
- 1900
- Lot size
- 0.34 lot acres
- Zone code
- WEDZ-1A
- Property type
- Office buildings
- APN
- 500700 52.-3-14
- APU
- 50070052314
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 21, 2026 | $2,250,000 | Vial LLC | Esty Strada LLC | Warranty Deed | — |
| Oct 19, 2023 | $1,700,000 | Esty Strada LLC | Grampatech INC | Warranty Deed | $1.4M · Tioga State Bank |
| Jan 26, 2011 | $1,340,000 | Grampatech INC | Arche LLC | Grant Deed · related | — |
Description
This exceptional three-story, 15,000 square foot building in Ithaca, NY, presents a unique investment opportunity. Built in 1900 and renovated in 2003, this solid brick structure features post and beam construction, high ceilings, exposed brick, and a stunning glass atrium with elevator service. The flexible floor plan includes spacious conference rooms, numerous offices, a lounge, and kitchen areas, catering to diverse business needs. A key feature is a high-tech Sensitive Compartmented Information Facility (SCIF), ideal for businesses handling classified information. Located at a high-visibility corner on Esty Street, the property enjoys over 36,000 cars passing daily on Route 13 South, with easy access to both Route 13 North and South. Ample parking is provided with an 18-space lot. Situated in the WEDZ-1A Business District and Opportunity Zone, this property offers significant business incentives. The thriving Ithaca West End neighborhood boasts proximity to Ithaca Bakery, Greenstar, Purity Ice Cream, the Ithaca Farmers Market, Cayuga Medical, Cayuga Inlet, City Harbor, and offers picturesque views of Cayuga Lake and Cornell University. The asking price is $2,400,000 ($160/sq ft). The property is currently zoned for Hotel, Medical Office, and Restaurant uses, and the lease expires October 31, 2024. This is more than just a building
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,835,000
- ML approach
- $1,795,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,367,000
- AI Estimate
- $1,093,000
Market price range: $1.84M - $2.91MMarket price range: $416k - $1.70M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,310,000 Current use
- COMMERCIAL (GENERAL)
- $2,485,000 Change: +7% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.5103
- Latitude
- 42.443
- CBSA code
- 27060
- CBSA name
- ITHACA, NY METROPOLITAN STATISTICAL AREA
