Address
224 E State Street, Ithaca-City, NY
Price
$ 2,500,000
Property Attributes
- MLS#R1531300
- TypeCommercial
- CountyTOMPKINS
- CityIthaca-City
- AreaIthaca-City
- Zip14850
- StyleApartment
- Year Built1904
- Taxes$ 53600
- Price$ 2,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage12090
- Lot Size2,178 SqFt
Data Source:
Greater Rochester AOR (GRAR)
Property Description
INVESTMENT OPPORTUNITY: High demand location in the Heart of the Finger Lakes, and home to Cornell University and Ithaca College. This Iconic four story building, in a prominent commercial corridor, “Restaurant Row”, and Gateway to the famous Ithaca Commons is looking for new ownership for the first time in many years. With over 12,000 SF, it was redesigned by architect Jason Demarest and under-went comprehensive renovations in 2016. This investment opportunity includes long term quality tenant Simeons Restaurant and offers elevator service to five, bright and spacious, 1- and 2-bedroom apartments with high quality finishes. Ideal for investors aiming to capitalize on Ithaca's vibrant market, ensuring continuous demand and significant growth potential.
| Elementary School |
|---|
| Beverly J Martin Elementary |
| Price History | |
|---|---|
| 4/24/2024 | Listed $2,500,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Electric,HeatPump |
| Cooling | HeatPump,CentralAir |
| Utilities | SewerConnected,WaterConnected |
| Possession | CloseOfEscrow |
| Roof | Membrane,Rubber |
| Zoning | CBD_60 |
| Security Features | FireSprinklerSystem,Intercom |
| Construction Materials | Brick,Frame,MetalSiding,WoodSiding |
| Year Built | 1904 |
| Stories | 4 |
| Township | Not Applicable |
| Property SubType | Apartment |
| Business Type | BarTavernLounge |
| Accessibility | AccessibleElevatorInstalled |
| County | Tompkins |
| Property Type | CommercialSale |
| Building Features | Elevators,FloorDrains,PhoneSystem,PrivateRestrooms |
| Status | Active |
| Directions | Corner of N. Aurora St. and E. State St. Restaurant Row,East end of Commons |
| City | Ithaca-City |
| High School District | Ithaca |
| Zoning Description | Other - See Remarks |
| Total Units | 6 |
| MLS Area | Ithaca-City-500700 |
| Waterfront Y/N | No |
| Street Name | State |
| Elementary School | Beverly J Martin Elementary |
| Year Built Details | Existing |
| Tax Annual Amount | 53600.0 |
| Property Condition | Resale |
| Lease Considered Y/N | No |
| Standard Status | Active |
| Middle/Junior School District | Ithaca |
| Elementary School District | Ithaca |
| Tax Assessed Value | 1600000 |
| TaxOtherAnnualAssessmentAmount | 0.0 |
| Property Sub Type Additional | Apartment,Commercial |
Interior Features
| Basement | Full |
|---|---|
| Flooring | Carpet |
| Total Stories | 4 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | Street |
Exterior Features
| Parking Features | OffSite |
|---|---|
| Water Source | Public |
| Total Parking | 0.0 |
| Inclusions | Land and Building |
| Lot Size Area | 0.05 |
| Number of Buildings | 1 |
| Building Area Total | 12090.0 |
| Lot Dimensions | 21X104 |
| Lot Size Acres | 0.05 |
| Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 14850
Price
Taxes
Visits
Year Built
The Greater Syracuse Association of REALTORS ®: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, powered by CNYIS. Real estate listings held by firms other than NextHome CNY Realty, 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
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS. Real estate listings held by firms other than NextHome CNY Realty, are marked with the IDX logo and detailed information about them includes the Listing Brokers Firm Name.
Disclaimer: 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 NextHome
