For Sale
$635,000

121 Buffalo StIthaca, NY 14850

Historic Ithaca Office, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
118
This charming, historic two-story executive office building at 121 E Buffalo St, Ithaca, NY 14850, offers 3,079 square feet of versatile space in the heart of the city's business district. Built in 1975, the property sits on a 0.09-acre lot (33' x 118') and includes three off-street parking spaces. The building is zoned CBD-60 and features a formal entryway, five spacious offices, two meeting rooms, and three bathrooms. Multiple flexible spaces allow for customization to suit various business needs. A garden-level studio apartment, currently leased, adds to the property's income potential. The current office tenant lease expires June 30, 2024. When fully occupied, the property has historically generated over $81,000 in gross annual rent. The building's prime location provides easy access to numerous restaurants, cafes, and shops, enhancing its appeal and potential for strong rental income. The asking price is $635,000. APN: 500700-061-000-0005-004-000-0000.

Highlights

  • Asking Rent: $525 per square foot.
  • Monthly Rent: $1,150.
  • Lot Frontage: 33 feet.
  • Lot Depth: 118 feet.

Property Details for 121 Buffalo St

Property type
Office properties
Square Feet
3,079 SF
Year Built
1975
Buildings
1
Stories
2
Lot Size (sq. ft)
3,920 SF

Location Insight

City
Ithaca
County
Tompkins
State
New York
Latitude
42.4411844
Longitude
-76.4978987
121 Buffalo St, Ithaca, New York

FAQs

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121 Buffalo St
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