For Sale
$2,200,000

218 State StIthaca, NY 14850

Prime Ithaca retail & apartments. Rare opportunity!

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a rare assemblage of three contiguous lots located at 218, 220, and 222 East State Street, situated at the top of Ithaca Commons. The property boasts a combined lot size of 3,070 square feet (0.07 acres) and is zoned CBD 60, allowing for a variety of commercial and residential uses within the vibrant Ithaca business district. The buildings currently feature a mix of retail and multifamily uses, including three retail spaces and a total of seven apartments, with two additional apartment spaces currently offline. The individual building square footage ranges from 858 to 1,121 square feet. This unique property offers significant potential for redevelopment or continued operation as a mixed-use asset in a highly desirable location. The asking price for this exceptional assemblage is $2,200,000. This is a truly unique opportunity to acquire a significant piece of Ithaca's thriving downtown core. The property's prime location and flexible zoning make it an ideal investment for both seasoned developers and astute investors seeking a high-return opportunity in a dynamic market. Don't miss this chance to own a piece of Ithaca's history and future.

Highlights

  • Three retail spaces available.
  • Seven total apartment units.
  • Two offline apartment units.
  • Centrally located CBD zoning (60).
  • Situated in a thriving business district.
  • 3,070 square foot lot.

Property Details for 218 State St

Property type
Retail properties, Apartment buildings
Square Feet
858 SF
Lot Size (sq. ft)
3,049 SF

Location Insight

City
Ithaca
County
Tompkins
State
New York
Latitude
42.4397869
Longitude
-76.4960273
218 State St, Ithaca, New York

FAQs

What type of property is this?
Retail property - Prime Ithaca retail & apartments. Rare opportunity!
Where is the retail property located?
The property is located at 218 State St Ithaca, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Three retail spaces available.; Seven total apartment units.; Two offline apartment units.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
218 State St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message