1301 Trumansburg RdIthaca, NY 14850

Property Details for 1301 Trumansburg Rd

Year built

1992

Lot size

4.70 AC

Property size (Sq ft)

14,655 SF

Property type

Office properties

Property subtype

Office buildings

APN

503089 24.-3-4

APU

5030892434

Description

The Cayuga Professional Center, located at 1301 Trumansburg Rd in Ithaca, New York, offers exceptional medical and professional office space. This 37,000 square foot building is conveniently situated adjacent to Cayuga Health Medical Center, providing unparalleled access to healthcare services and a strong patient base. Currently, there are three suites available, ranging in size from 1,250 to 3,715 contiguous square feet, with a total of 7,379 square feet of vacant space. Each suite features a combination of reception/waiting areas, exam rooms, private offices, flexible space adaptable to various needs, bathrooms, and kitchenettes. The building boasts ample on-site parking, ensuring convenient access for both staff and clients. All building entrances are secured for enhanced safety and peace of mind. Public transportation is also readily available nearby. For qualified tenants, the landlord is willing to offer a build-out allowance, contingent upon the tenant's specific requirements and the terms of the lease agreement. This property presents a unique opportunity for medical practices or professional businesses seeking a well-appointed and strategically located space in the thriving Ithaca market. The property is located in Tompkins County, New York, with a zip code of 14850.

• CAP approach

  CAP return

  Valuation

  6%

  $2,366,537

  6.5%

  $2,184,496

  7%

  $2,028,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,338,854

  Geo Method

  $1,914,822

• Alternative Use

  Use

  Valuation

  Residential

  $2,708,775

  Hospitality

  $2,481,223

  Educational

  $2,064,348

  Medical

  $2,135,344

  Retail

  $3,211,209

Location Insight

City

Ithaca

County

Tompkins

State

New York

Latitude

42.4686

Longitude

-76.5413

CBSA code

27060

CBSA name

ITHACA, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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