224 State St Ithaca, NY 14850

This exceptional investment opportunity presents a fully occupied, four-story mixed-use building situated at 224 E State St, Ithaca, NY 14850. Boasting 12,090 square feet on a 0.05-acre lot, this property is located in a prime commercial corridor known as "restaurant row," a gateway to the Ithaca Commons, and benefits from its proximity to Cornell University and Ithaca College. The building, constructed in 1904 and comprehensively renovated in 2016 by architect Jason Demarest, features six units with a mix of commercial and residential spaces. Currently, the building enjoys 100% occupancy with six long-term tenants, including the well-established Simeons Restaurant. The residential units consist of five bright and spacious one- and two-bedroom apartments, each finished to a high standard. The building includes elevator service and is zoned CBD_60. This property represents a rare chance to acquire a high-demand, established asset in Ithaca's vibrant market, offering significant growth potential and consistent rental income. The asking price is $2,500,000.