121 Buffalo StIthaca, NY 14850

Property Details for 121 Buffalo St

Year built

1975

Lot size

0.09 AC

Property size (Sq ft)

2,554 SF

Zone code

CBD-60

Property type

Investment properties

Property subtype

Live-work space

APN

500700 61.-5-4

APU

5007006154

Description

This exceptional 2,573-square-foot executive office space is located at 121 E Buffalo St in Ithaca, NY, within Tompkins County's vibrant Central Business District (CBD). The single-tenant building, constructed in 1975, offers three floors and encompasses a formal entryway, five spacious offices, two meeting rooms, and three bathrooms. The flexible layout allows for customization to meet diverse business needs. Ample storage is available throughout the building. Two off-street parking spaces are included. The property sits on a 0.09-acre lot and is zoned CBD-60. Its convenient location provides easy access to a variety of amenities, including restaurants, cafes, and shops. The building's APN is 500700-061-000-0005-004-000-0000. This property presents a unique opportunity for a business seeking a prestigious and well-appointed office space in a thriving downtown setting. The entire 2,573 square feet is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $412,428

  6.5%

  $380,703

  7%

  $353,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $233,329

  Geo Method

  $333,706

• Alternative Use

  Use

  Valuation

  Residential

  $472,072

  Hospitality

  $432,415

  Educational

  $359,764

  Medical

  $372,137

  Retail

  $559,633

Location Insight

City

Ithaca

County

Tompkins

State

New York

Latitude

42.4411

Longitude

-76.4978

CBSA code

27060

CBSA name

ITHACA, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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