704 Buffalo St, Unit 6 Ithaca, NY 14850-3320
- Investment properties
- 5,750 SF
- 0.31 lot acres
Current Use by Public Records
- Coastal Staffing / Employment Agency
- Smak / Educational Institution
- Audio Hearing Aid Center / Association / Organization
- Ace Hair Salon & Eyelash Extensions / Hair Extensions Supplier / Beauty Salon
- Z Core Pilates / Pilates Studio
Property Details for 704 Buffalo St
- Year built
- 1980
- Lot size
- 0.31 lot acres
- Property size
- 5,750 SF
- Zone code
- WEDZ-1A
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 500700 58.-4-10.2
- APU
- 500700584102
Description
This exceptional commercial retail space, totaling 2,192 square feet, presents a unique opportunity in Ithaca's vibrant Inlet Waterfront/West End submarket. Located on a highly visible and accessible corner, this property boasts a prime location at the intersection of major NYS highways, ensuring high traffic volume. The space is the last available unit in a single-story, Class B building with four total suites. Ample parking is provided with 10+ spaces and multiple convenient access/egress points. The favorable commercial zoning allows for a wide range of business uses. The unit itself features double-door entry, a convenient side/delivery door opening onto a concrete pad ideal for flex space, and separated metered utilities. The space benefits from three-phase power, but lacks elevators. The minimum divisible space is 2,192 square feet, making it perfect for a single tenant. This is an exceptional opportunity to establish a business in a high-traffic area with excellent visibility and convenient access. The property is situated on the Ithaca inlet waterfront, offering beautiful views and proximity to the waterfront walking trail. Don't miss this chance to secure a prominent location in a thriving Ithaca marketplace.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,145,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $880,000
- 6.5%
- $935,000
- 7%
- $860,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $930,000
- Geo Method
- $980,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $735,000
- Retail
- $815,000
- Mixed-Use
- $880,000
- Hospitality
- $840,000
- Educational
- $995,000
- Residential Income
- $970,000
- Energy
- $900,000
- Income-Based Land
- $875,000
- Food Service
- $800,000
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.5116
- Latitude
- 42.4413
- CBSA code
- 27060
- CBSA name
- ITHACA, NY METROPOLITAN STATISTICAL AREA
