92 Genung Cir Ithaca, NY 14850
This exceptional 13,725-square-foot, three-story residence presents a unique investment opportunity in Ithaca, New York. Situated on a 49.57-acre lot, its adaptable design lends itself to a wide range of commercial ventures. Currently configured for comfortable living, the property boasts ADA compliance, making it suitable for uses such as a luxury retirement home, assisted living facility, boutique hotel, restaurant, upscale bed and breakfast, or even a specialized school or spa. Its prime location offers easy access to downtown Ithaca, Cornell University, Ithaca College, and the scenic Cayuga Lake. The expansive kitchen, complete with a butler's pantry, is well-suited for catering to large or small groups. Multiple living spaces provide ample room for various configurations. An elevator services all three floors, enhancing accessibility. The property includes a unique 19' x 39' indoor Gunite pool, four en-suite bedrooms, two additional bedrooms, and six bathrooms. Energy-efficient geothermal heating and air conditioning are installed. A three-car attached garage offers additional space, potentially suitable for office or apartment conversion. The property's scale and adaptability make it an exceptional opportunity for a discerning investor seeking a versatile commercial space in a highly desirable location. Priced at $2,150,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.