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Property profile & analytics
OFF-MARKET Estimated value $880,000
Investment properties

704 Buffalo St 6 Ithaca, NY 14850-3320

5,750 SF 0.31 ac lot Built 1980
Entity Owned 6-yr Hold Free & Clear
Property ID
US63-1558876
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1980
Total area 5,750 SF
Lot 0.31 ac (13,320 SF)
Zoning code WEDZ-1A
APN 500700 58.-4-10.2
UPID US63-1558876
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
  • Coastal Staffing Employment Agency
  • Smak High School Vocational School
  • Audio Hearing Aid Center Association / Organization
  • Ace Hair Salon & Eyelash Extensions Hair Salon Nail Salon
  • Z Core Pilates Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.20M
CAP Approach CAP
$915k
Comparable Approach Comparable
$807k
Blend (final) Blend
$880k
Owner & transaction history
Agora Of Ithaca 704 LLC · 6 yrs held
Agora Of Ithaca 704 LLC
since 2020
Last sale
$900,000
3 recorded transactions
2020
$627,741
2019
$900,000
2015
Price N/A
Zoning & alternative use
WEDZ-1A · Ithaca, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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