$2,500,000
Active
23 Days Online
0 Beds0 Baths12,090 SQFT
Active

224 E State Street Ithaca City, NY 14850

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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.

  • Property TypeCondo
  • NeighborhoodN/A
  • CountyTompkins
  • Taxes$53,600
  • HOA/Condo/Coop Fees$0
  • Days on Site23 Days
  • MLS StatusActive
  • MLS ID NumberR1531300
  • Home Size Source N/A
  • Year Built1904
  • Lot Size0.05 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction BrickFrameMetal SidingWood Siding
  • Building Features ElevatorsFloor DrainsPhone SystemPrivate Restrooms
  • Parking Off Site
  • Parking Spaces 0
  • Sewer Public Sewer
  • Basement Full
  • Number of Stories 44
  • Acreage 0.05
  • Water Public
  • Zoning CBD_60
  • Security Fire Sprinkler SystemIntercom
  • Accessibility Features Accessible Elevator Installed
  • Property Sub Type Apartment
  • Utilities Sewer ConnectedWater Connected
  • Listing Conditions Standard

Interior Features

  • Cooling Heat PumpCentral Air
  • Heating ElectricHeat Pump
  • Flooring Carpet
  • Fireplaces 0
  • Fireplace No

Exterior Features

  • Roof MembraneRubber
  • Waterfront Property No

Community Features

  • Township Not Applicable
  • MLS Area Ithaca-City-500700
  • Security Features Fire Sprinkler SystemIntercom
  • Building Features ElevatorsFloor DrainsPhone SystemPrivate Restrooms

Schools

School District
Ithaca
Elementary School
Beverly J Martin Elementary
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$13,333
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