511-513 N Cayuga St
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511-513 N Cayuga St
8,432 SF 100% Leased Flex Building Ithaca, NY 14850 $2,447,133 CAD ($290 CAD/SF)
Executive Summary
This 8,432-square-foot property in the heart of downtown Ithaca presents a rare opportunity to acquire a mixed-use site with reliable income and extensive redevelopment potential. The first floor of the building is home to a well-established neighborhood pharmacy. The second floor houses 4 one-bedroom apartments, all currently occupied providing steady income. The property also features an 11-car parking lot. The current commercial & residential tenants offer immediate cash flow, while the B-2a zoning provides the freedom to reimagine the space into apartments, a hotel, a daycare center, or a mixed-use development of up to 4 stories in height. An ideal asset for investors and developers looking to expand into one of Upstate, NY’s fastest growing markets. Ithaca’s urban core, known for its diverse dining, retail, cultural attractions, and proximity to Cornell University and Ithaca College, attracts residents, tourists, and students alike.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Air Conditioning
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 500700-046-000-0001-017-000-0000 | Improvements Assessment | $1,115,605 CAD |
| Land Assessment | $179,936 CAD | Total Assessment | $1,295,541 CAD |
PROPERTY TAXES
Parcel Number
500700-046-000-0001-017-000-0000
Land Assessment
$179,936 CAD
Improvements Assessment
$1,115,605 CAD
Total Assessment
$1,295,541 CAD
zoning
| Zoning Code | B2A (Stores & Residential- Mixed use) |
| B2A (Stores & Residential- Mixed use) |
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511-513 N Cayuga St
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