224 E STATE ST
ITHACA, NY 14850

$2,500,000

0 Beds

0 Baths

12,090 Sq Ft

Status Active

MLS# R1531300

INVESTMENT OPPORTUNITY: High demand location in the Heart of the Finger Lakes, and home to Cornell University and Ithaca College. This Iconic four story building, in a prominent commercial corridor, “Restaurant Row”, and Gateway to the famous Ithaca Commons is looking for new ownership for the first time in many years. With over 12,000 SF, it was redesigned by architect Jason Demarest and under-went comprehensive renovations in 2016. This investment opportunity includes long term quality tenant Simeons Restaurant and offers elevator service to five, bright and spacious, 1- and 2-bedroom apartments with high quality finishes. Ideal for investors aiming to capitalize on Ithaca's vibrant market, ensuring continuous demand and significant growth potential.

Details for 224 E STATE ST

$207 / Sq Ft

0 parking spaces

Electric, Heat Pump

38 Days on website

0.05 acres lot

Interior

Flooring

Carpet

Living Area

12,090 SqFt.

Building And Construction

Accessibility Features

Accessible Elevator Installed

Building Features

Elevator(s), Floor Drain(s), Phone System, Private Restrooms

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Security Features

["Fire Sprinkler System", "Intercom"]

Year Built

1904

Exterior And Lot

Lot Size Acres

0.05

Lot Size Square Feet

2178

Lot Size Units

Acres

Parking Features

Off Site

Zoning

CBD_60

Utilities

Cooling

["Heat Pump", "Central Air"]

Heating

Electric, Heat Pump

Area And Schools

City

Ithaca

County Or Parish

Tompkins

Elementary School

Beverly J Martin Elementary

School District

Ithaca

Financial Info

Buyer Agency Compensation^*

2.5%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$53,600