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511-13 Cayuga Street N Ithaca-City, NY $ 1,950,000
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511-13 Cayuga Street N
$ 1,950,000
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511-13 Cayuga Street N

Ithaca-City, NY, 14850
$ 1,950,000
Baths0.0 Sq 8,432

Monthly Estimate*

$ 12,960

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Studio Commercial Property for sale in Ithaca-City, NY for $1,950,000. This 8,432 square foot building was built in 1963 on a lot size of 0.27.

Important 8000+ sq. ft. two story commercial building in the heart of Fall Creek. Over 4000 sq.ft. on the main level, which has housed a neighborhood pharmacy since its construction in 1963. Kinneys’ lease expires in July 31, 2025; it has requested to extend an additional 3 years, but nothing is yet signed. Kinneys pays 50% of property taxes, 50% of water & sewer bills & property insurance, & some snow removal. Upstairs are 4 one bedroom apts, each legal for 2 unrelated + a shared laundry. Rent includes water & sewer & a/c. Tenants pay gas & elec. B2a zoning permits 4 story construction up to a height of 40 ft & allowable uses (w/required permits) are hotels, retail, & restaurants. 11 parking spaces & loading area on site. <50% of parcel is developed; great potential for redevelopment. Income $10,805/mo includes rent from Kinneys of $6180/month.1 longterm apt tenant pays discounted rent. Carlisle TPO (thermoplasticpolyolefin) membrane roof installed in 2012. Sprinklered hallway to apts connected to Fire Dept.

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Commercial Active

Price

$ 1,950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 30,168

Style

Apartment

Lot Size

0.27

Year Built

1963

Town/City

Ithaca-City

County/Region

TOMPKINS

MLS | Web ID

R1536638
Features
General
Sewer PublicSewer
Heating Gas SeparateMeters ForcedAir
Cooling SeparateMeters CentralAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Membrane Other Rubber SeeRemarks
Zoning B2a
Security Features FireSprinklerSystem
Construction Materials Block Masonry
Year Built 1963
Electric Item240Volts
Stories 2
Township Not Applicable
Levels Two
Property SubType Apartment
County Tompkins
Property Type CommercialSale
Possible Use Residential Retail
Status Active
Directions Just north of the intersection of Farm and North Cayuga Streets on the east side of North Cayuga.
High School Ithaca Senior High
City Ithaca-City
High School District Ithaca
Zoning Description Commercial
NumberOfUnitsTotal 5
MLS Area Ithaca-City-500700
Lot Size Units Acres
Lot Size Square Feet 11750.0
Waterfront Y/N No
Street Name Cayuga
Elementary School Fall Creek Elementary
Year Built Details Existing
Tax Annual Amount 30168.0
Middle/Junior High School Boynton Middle
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Ithaca
Elementary School District Ithaca
Tax Assessed Value 900000
TaxOtherAnnualAssessmentAmount 0.0
Property Sub Type Additional Apartment MixedUse Commercial
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Interior
Basement None
Flooring Linoleum Vinyl
Total Fireplaces 0
Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Street
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Common OnSite Surfaced
Lot Features Rectangular
Water Source Public
Total Parking 11.0
Inclusions Land and Building
Lot Size Area 0.27
Number of Buildings 1
Building Area Total 8432.0
Lot Dimensions 94X125
Lot Size Acres 0.27
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Internal Only
Street Number 1 511
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* Excluded Features
List By
Carol Bushberg Real Estate

Broker

(607) 279-4530

Phone

Affordability Calculator

$15,474
Per Month
84%
16%
0%
Monthly Principal & Interest
$12,960
Monthly Property Taxes
$2,514
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4570515 Elementary School
4006388 Middle School
Ithaca Senior High High School
See complete school information
Pricing History
Date Price Price Change Description
5/7/2024 $1,950,000 Listed Price

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511-13 Cayuga Street N, Ithaca-City, NY, 14850 is a Commercial Property for sale at $1,950,000 with 8,432 sqft and a lot size of 0.27. 511-13 Cayuga Street N is a studio with 0.0 baths and was built in 1963. The property's zip code is 14850 which is in Ithaca-City, NY

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