920 Cayuga St Ithaca, NY 14850-3614
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.
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Laser Hair Removal of Ithaca Skin Care Clinic
The purpose of this zoning district is to provide one family detached dwelling, two family dwelling, church and related building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-2B · Ithaca, NYThe purpose of this zoning district is to provide one family detached dwelling, two family dwelling, church and related building.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.