508 W State Street Ithaca-City, NY ^$ 385,000

508 W State Street

^$ 385,000

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508 W State Street

Ithaca-City, NY, 14850

^$ 385,000

Studio Baths0.0 Sq 1,507

Monthly Estimate*

^$ 2,559

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Studio Commercial Property for sale in Ithaca-City, NY for $385,000. This 1,507 square foot building was built in 1975 on a lot size of 0.0492.

Looking for an investment opportunity in the heart of Ithaca? This property has a 5-year, NNN lease in place. Located a half block from the $18M housing and retail development project Iron Works Ithaca and next door to GIMMEE Coffee, Saigon Kitchen, Maru Ramen, and the State Diner. This area of town is booming! Large open space, currently with storage area, 2 bathrooms. Freshly painted interior, updated heating, and air conditioning, updated 200 AMP electrical service, plumbing. High traffic count right off Route 13 North. Many possibilities...Zoned B-2C. Inclusions: Land & Building

Commercial Active

Price

^$ 385,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial

Lot Size

0.0492

Year Built

1975

Town/City

Ithaca-City

County/Region

TOMPKINS

MLS | Web ID

IB405048

Features

General

Heating Gas ForcedAir

Utilities SewerAvailable WaterConnected

Possession CloseOfEscrow

Roof Metal

Garage Spaces 0.0

Construction Materials Frame

Year Built 1975

Township Not Applicable

Property SubType Commercial

Business Type ConvenienceStore BarTavernLounge

County Tompkins

Property Type CommercialSale

Possible Use Residential Retail

Building Features PublicRestrooms

Status Active

City Ithaca-City

High School District Ithaca

Total Units 1

MLS Area Ithaca-City-500700

Lot Size Square Feet 2145.0

Waterfront Y/N No

Street Name State

Elementary School Beverly J Martin Elementary

Year Built Details Existing

Property Condition Resale

Lease Considered Y/N No

Virtual Tour https://www.propertypanorama.com/instaview/ithaca/405048

Standard Status Active

Middle/Junior School District Ithaca

Elementary School District Ithaca

Tax Assessed Value 225000

Property Sub Type Additional Commercial

Interior

Basement Partial

Basement (Y/N) Yes

Heating Y/N Yes

Street Suffix Street

Main Level Bathrooms 0

Total Baths 0

Exterior

Lot Features CityLot Other SeeRemarks

Water Source Connected Public

Total Parking 0.0

Inclusions Land and Building

Lot Size Area 0.0492

Foundation Details Block

Number of Buildings 1

Building Area Total 1507.0

Lot Dimensions 33X65

Lot Size Acres 0.0492

Lot Size Units Acres

Internal Only

Street Number 1 508

* Excluded Features

List By

Warren Real Estate Of Ithaca Inc.

Broker

(607) 351-6155

Phone

Affordability Calculator

$2,559

Per Month

Monthly Principal & Interest: $2,559
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Ithaca, NY

Average List Price ^$0

Percent of Sale Price 100%

About Ithaca, NY

32,079 Population

8% Since 2002

^$37,035 Median Income

23.06 Median Age

12% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4570490 Elementary School

3323858 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/12/2024	$385,000		Listed Price

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508 W State Street, Ithaca-City, NY, 14850 is a Commercial Property for sale at $385,000 with 1,507 sqft and a lot size of 0.0492. 508 W State Street is a studio with 0.0 baths and was built in 1975. The property's zip code is 14850 which is in Ithaca-City, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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 Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Brokers 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 Weichert Realtors shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright 2024 All rights reserved.

Fair Housing Notice (FHN)-https://www.dos.ny.gov/licensing/docs/FairHousingNotice_new.pdf

Data is updated as of 6/6/2024.

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