1253 Danby Rd undefined, NY 14867

This exceptional investment opportunity presents a thriving, multi-faceted business located just south of Ithaca, NY. The property encompasses a 4,840 square foot, single-story building on a 6.6-acre lot, featuring a Citgo-branded gas station, a fully operational laundromat, and a leasable space ideal for a food and beverage establishment (e.g., ice cream shop, coffee shop, sandwich shop). The property boasts a strong 11.70% cap rate and is currently 66% occupied across its three units. Built in 1988 and extensively renovated in 2023, the building is in excellent condition, featuring updated appliances and equipment. The prime location near downtown Ithaca, state parks, and major commuter routes ensures high visibility and consistent customer traffic. The existing laundromat provides a stable, passive income stream with established staff included in the sale. The leasable space offers significant potential for additional revenue generation. Furthermore, the expansive 6.6-acre lot presents substantial opportunities for future expansion or development. The property is zoned commercial (Comm) and features a Tompkins County APN of 503400 4.-1-29.136. Financial details are available upon request and execution of a non-disclosure agreement. This turnkey operation offers immediate cash flow and significant long-term growth potential. The property's diverse income streams and prime location make it an attractive investment for both seasoned and emerging commercial real estate investors.