Listing Courtesy of: carol@carolbushberg.com - Carol Bushberg - Warren Real Estate of Ithaca Inc. 607-257-0666
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511 N Cayuga St Ithaca, NY 14850

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Apartment Residence
Beds
Baths
8,432 Sq. Ft.
0.27 Acre Lot
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Last updated on 10/25/2024 3:27 PM

Listing Details

Important 8000+ sq. ft. two story commercial building in the heart of Fall Creek. Over 4000 sq.ft. on the main level, which has housed a neighborhood pharmacy since its construction in 1963. Kinneys’ lease expires in July 31, 2025; it has requested to extend an additional 3 years, but nothing is yet... signed. Kinneys pays 50% of property taxes, 50% of water & sewer bills & property insurance, & some snow removal. Upstairs are 4 one bedroom apts, each legal for 2 unrelated + a shared laundry. Rent includes water & sewer & a/c. Tenants pay gas & elec. B2a zoning permits 4 story construction up to a height of 40 ft & allowable uses (w/required permits) are hotels, retail, & restaurants. 11 parking spaces & loading area on site. <50% of parcel is developed; great potential for redevelopment. Income $10,805/mo includes rent from Kinneys of $6180/month.1 longterm apt tenant pays discounted rent. Carlisle TPO (thermoplasticpolyolefin) membrane roof installed in 2012. Sprinklered hallway to apts connected to Fire Dept. Continue reading
MLS#
R1536638
Property Type
Apartment
Year Built
1963
Square Feet
8,432 sq. ft
Lot Size
0.27
Sewer
Sewer Connected
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Listing Courtesy of: carol@carolbushberg.com - Carol Bushberg - Warren Real Estate of Ithaca Inc. 607-257-0666
Andrea Conner, License 10311208085, Xome Inc., License 10991227159, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the New York State Alliance of MLSs (CNYIS, UNYREIS and WNYREIS). Real estate listings held by firms other than Xome are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Xome shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Per New York legal requirement, click here for the Standard Operating Procedures. Copyright © 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.
This content last refreshed on 10/25/2024 3:27 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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