601 Dryden Rd Ithaca, NY 14850-4825
This 689 sq ft, single-story, 1929 building at 601 Dryden Rd, Ithaca, NY 14850, sits on a 0.1-acre lot and is zoned B4. Originally designed by William Henry Miller, it boasts a repair bay, reception area, versatile loft storage, and indoor/outdoor restrooms. The vacant property presents a unique investment opportunity for owner-users. Its high visibility near Cornell University ensures significant foot traffic. The B4 zoning allows for a 4-story building with 50% lot coverage (approximately 2000 sq ft total footprint). Previous underground gas tanks have been removed under NYS DEC supervision. While featuring a repair bay, the property is unsuitable for an auto inspection station due to having only one bay. The asking price is $550,000. This landmark building offers immense potential for a variety of businesses, capitalizing on its historical charm and prime location.
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Best Auto Repair Auto Repair Shop
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
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Property description
Physical attributes from public recordsZoning & alternative use
B-4 · Ithaca, NYIthaca. Always verify with local authorities before improvements.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.