511-513 N Cayuga St | Ithaca, NY 14850
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
511-513 N Cayuga St
Ithaca, NY 14850
Flex Property For Sale
Executive Summary
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-bedroom 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.
PROPERTY FACTS
| Sale Type | Investment | Rentable Building Area | 8,432 SF |
| Property Type | No. Stories | 2 | |
| Building Class | C | Year Built | 1980 |
| Lot Size | 0.27 AC | Parking Ratio | 1.3/1,000 SF |
| Sale Type | Investment |
| Property Type | |
| Building Class | C |
| Lot Size | 0.27 AC |
| Rentable Building Area | 8,432 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.3/1,000 SF |
Amenities
- Air Conditioning
Utilities
- Lighting
- Gas - Natural
- Water - City Water
- Sewer - City Sewer
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 500700-046-000-0001-017-000-0000 | Improvements Assessment | $775,000 |
| Land Assessment | $125,000 | Total Assessment | $900,000 |
PROPERTY TAXES
Parcel Number
500700-046-000-0001-017-000-0000
Land Assessment
$125,000
Improvements Assessment
$775,000
Total Assessment
$900,000
zoning
| Zoning Code | B2A (Stores & Residential- Mixed use) |
| B2A (Stores & Residential- Mixed use) |
1 of 29
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
