120-122 E State, Ithaca, NY 14850
120-122 E State, Ithaca, NY 14850
120-122 E State, Ithaca, NY 14850
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$2,150,000
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14,053 SqFt
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120-122 E State Ithaca, NY 14850

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 14,053 sqft

Price per Sqft $152

MLS Listing ID R1669763

Construction Status Existing

HOA Y/N No

Year Built 1975

Annual Tax Amount $23,557

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 48X136

Property Description

Prime large, 4-story mixed-use commercial building (14,053 SF) on iconic City of Ithaca Commons in Downtown Business District. Significant potential upside / redevelopment opportunity. Mixed-use asset combines a very long-time retail presence on ground floor with recently renovated office space on 2nd and two (2) spacious 2-bedroom apartments on 3rd & 4th. Plus, ample additional flex space for potential expansion for existing or new uses. Favorable zoning + sizable footprint (0.16-acres) offers potential to vertically re-develop property up to 6 stories. Additional potential to purchase adjacent property to increase development footprint. Sales Flyer; Summary Listing of Building Improvements and Certificates of Compliance accompany listing

Location

State NY

County Tompkins

Area Ithaca-City-500700

Zoning CBD-60

Interior

Heating Gas, Individual, Other, See Remarks, Zoned, Forced Air, Multiple Heating Units, Steam

Cooling Other, See Remarks, 1 Unit, Zoned

Inclusions Land and Building

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt,Membrane,Rubber

Total Parking Spaces 3

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Sewer Public Sewer

Water Public

Construction Status Existing

Schools

Elementary Schools Beverly J Martin Elementary

School District Ithaca

Others

Tax ID 70.-2-28

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Pyramid Brokerage Company - Co

NEARBY SCHOOL & BUSINESS

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Michael Ablan

Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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