For Sale
$995,000

2079 Shore DrLansing, NY 14882

Historic Inn & Restaurant, Multi-Income Streams

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional investment opportunity presents a profitable, turnkey operation in the heart of the Greater Ithaca Area. The property encompasses two commercial buildings totaling 13,248 square feet situated on a 1.13-acre lot. The main building, a historic three-story structure built in 1830, houses an eight-room bed and breakfast with a strong booking history and a separate retail space currently available for lease. A second, smaller building (1,440 sq ft) is fully leased to a retail tenant, providing additional income. The property also includes a fully equipped and fixtured pub and restaurant, currently under separate lease for an additional $100,000 asking price, with seating for over 90 patrons both indoors and outdoors. This established business boasts a loyal local clientele and benefits from its location on the Cayuga Wine Trail and the Finger Lakes Beer Trail, attracting significant tourist traffic. The property's prime location offers easy access to downtown Ithaca, Cornell University, and Cayuga Lake. This multi-income stream property is a rare find, offering a blend of historical charm and significant financial potential. The property is classified as Class B retail, with a modified lease type and 100% occupancy across its two units. The asking price for this unique offering is $995,000.

Highlights

  • Two commercial buildings totaling 13,248 square feet on a 1.13-acre lot.
  • Eight-room bed and breakfast with strong booking history.
  • Available retail space within the inn for lease.
  • Separate 1,440 sq ft building fully leased to a retail tenant.
  • Profitable, turnkey pub and restaurant (separate $100,000 asking price) with over 90 seats.
  • Prime location near downtown Ithaca, Cornell University, and Cayuga Lake.

Property Details for 2079 Shore Dr

Property type
Retail properties, Restaurants
Square Feet
13,248 SF
Class
B
Year Built
1830
Buildings
2
Stories
3
Lot Size (sq. ft)
49,223 SF
Units
2

Location Insight

City
Lansing
County
Tompkins
State
New York
Latitude
42.5377639
Longitude
-76.5057814
2079 Shore Dr, Lansing, New York

FAQs

What type of property is this?
Retail property - Historic Inn & Restaurant, Multi-Income Streams
Where is the retail property located?
The property is located at 2079 Shore Dr Lansing, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two commercial buildings totaling 13,248 square feet on a 1.13-acre lot.; Eight-room bed and breakfast with strong booking history.; Available retail space within the inn for lease.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2079 Shore Dr
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