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    FOR SALE
    Gas stations

    600 N Fulton St, Ithaca, NY 14850

    3,318 SF 1.15 ac lot Built 2001
    Entity Owned 24-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-1397825
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a thriving 3,318 square foot convenience store, gas station, and quick-service restaurant (QSR) located at 600 N Fulton St, Ithaca, NY 14850. The property sits on a 1.15-acre lot and enjoys excellent visibility and accessibility at the entrance to Ithaca on NY State Route 13, boasting high barriers to entry and limited competition. Currently operating under a single-tenant, triple-net (NNN) lease with Mirabito Holdings, the property offers a remaining lease term of 8.5 years with 100% occupancy. The asking price is $3,495,000, translating to a price per square foot of $1,053.35. This prime location near Ithaca's waterfront district benefits from numerous ongoing and planned development projects, ensuring continued growth and strong future prospects. The property's strategic positioning and established tenant make it an attractive investment for discerning buyers seeking a stable, high-return asset in a dynamic market. This turnkey operation requires minimal management, offering a compelling opportunity for passive income generation. The property's size, location, and tenant history combine to create a rare and valuable investment opportunity in the thriving Ithaca market.

    Property profile
    Verified
    Property type Gas stations
    Use group SERVICE STATION WITH FOOD MART
    Year built 2001
    Total area 3,318 SF
    Lot 1.15 ac (50,094 SF)
    Zoning code I-1
    APN 500700 43.-2-8
    UPID US63-1397825
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • ATM (Route 13 Citgo) Atm
    • Mirabito Convenience Store Grocery & Convenience Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    ROBERT W ANDREE, INC
    ROBERT W ANDREE, INC
    Zoning & alternative use
    I-1 · Ithaca, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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