224 East State Street

Active

Ithaca - City NY, 14850

$2,500,000

$206.78 per sqft

Active

12,090 sqft

Commercial

Built in 1904

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 - bedroom and 1 - bedroom plus den apartments with high quality finishes. Ideal for investors aiming to capitalize on Ithaca's vibrant market, ensuring continuous demand and significant growth potential.

R1531300

MLSⓇ ID

April 24, 2024

Listed

February 21, 2025

Updated

Interior Features

Total Stories: 4
Floor Description: Carpet
Fireplace: No
Cooling: Yes
Cooling Description: Heat Pump, Central Air
Heating: Yes
Heating Description: Electric, Heat Pump

Exterior/Building Features

Lot Size: 0.05 Acres
Roof: Membrane, Rubber
Sewer: Public Sewer
Security: Fire Sprinkler System, Intercom

School Information

School District: Ithaca
Elementary School: Beverly J Martin Elementary

Other Property Details

Area Name: Ithaca-City-500700
Taxes: $53,600
Tax Frequency: Annually
Days on Market: 206
Accessibility: Accessible Elevator Installed
Garage: No
Parking: Off Site
Parking Total: 0
View: No
County: Tompkins
Municipality: Not Applicable
Water Source: Public
Pool: No
Utilities: Sewer Connected, Water Connected
Zoning: CBD_60

Courtesy of Warren Real Estate of Ithaca Inc., Laura Fiore

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Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s), Ellen O'Connor, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

Data last updated 7:50 PM UTC, 2/21/2025