Listing Courtesy of: 607-342-2148 - Kyle Steele - Howard Hanna S Tier Inc
607-257-0800
$1,700,000
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511 N Cayuga St Ithaca, NY 14850
Apartment
Residence
Beds
Baths
8,432
Sq. Ft.
0.27
Acre
Lot
Property Activity
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days
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This 8,432-square-foot property in the heart of downtown Ithaca presents a rare opportunity to acquire a mixed-use site with reliable income and extensive redevelopment potential. The first floor of the building is home to a well-established neighborhood pharmacy. The second floor houses 4 one-bedro...om apartments, all currently occupied providing steady income. The property also features an 11-car parking lot. The current commercial & residential tenants offer immediate cash flow, while the B-2a zoning provides the freedom to reimagine the space into apartments, a hotel, a daycare center, or a mixed-use development of up to 4 stories in height. An ideal asset for investors and developers looking to expand into one of Upstate, NY’s fastest growing markets. Ithaca’s urban core, known for its diverse dining, retail, cultural attractions, and proximity to Cornell University and Ithaca College, attracts residents, tourists, and students alike.
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MLS#
R1578197
Property Type
Apartment
Year Built
1930
Square Feet
8,432
sq. ft
Lot Size
0.27
Sewer
Sewer Connected
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