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Property profile & analytics
OFF-MARKET
Retail space

920 Cayuga St Ithaca, NY 14850-3614

2,064 SF 0.34 ac lot Built 1975
Entity Owned 4-yr Hold Free & Clear
Property ID
US63-5792060
Property summary
AI-generated overview

This exceptional 2,064-square-foot commercial property, located at 920 North Cayuga Street in Ithaca, New York's desirable Fall Creek neighborhood, presents a rare leasing opportunity. The single-tenant building, constructed in 1975, sits on a 0.35-acre lot and features a convenient one-story design. Ample parking is provided with 15 spaces exclusively for tenant use. Currently configured as a hair salon, the space is zoned R-2B, allowing for a variety of commercial uses, including cafes, coffee shops, grocery stores, pharmacies, daycare facilities, bed and breakfasts, and other neighborhood commercial establishments (subject to special permit). Its prime location on North Cayuga Street, near the intersection with West Jay Street, ensures high visibility and significant foot traffic. The Fall Creek neighborhood boasts a dense residential population, creating a strong customer base. The property's central location offers unparalleled accessibility to downtown Ithaca, Cornell University, Ithaca High School, and Ithaca Falls/Fall Creek Gorge. This is an ideal space for a business seeking high visibility and convenient access to a thriving community. The building has no elevators.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1975
Total area 2,064 SF
Lot 0.34 ac (14,605 SF)
Zoning code R-2B
APN 500700 27.-1-4
UPID US63-5792060
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
  • Laser Hair Removal of Ithaca Skin Care Clinic
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
Fernandez Forest LLC · 4 yrs held
Fernandez Forest LLC
since 2021
Last sale
$52,000
2 recorded transactions
2021
$52,000
2008
$96,000
Zoning & alternative use
R-2B · Ithaca, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of this zoning district is to provide one family detached dwelling, two family dwelling, church and related building.

Zone name Two Family Residential
General category RESIDENTIAL
Zone area 339.60 ac
Source Realmo
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