146-148 E State St - Storefront Retail/Residential FOR SALE


Ithaca, NY 14850- Downtown Ithaca
$1,100,000 USD
315-558-2277
146-148 E State St, Ithaca, NY for Sale
$1,100,000 USD
Storefront Retail/Residential - FOR SALE
1/57
null | 7% Cap Rate

146-148 E State St
Ithaca, NY 14850
Downtown Ithaca


HIGHLIGHTS

  • Prime location within the iconic Ithaca Commons pedestrian district.
  • Fully occupied income stream supported by stable tenants.
  • Approved residential conversion offering value-add upside.
  • Recently updated building systems and well-maintained structure.
  • Separate utilities for streamlined management
  • Strong downtown housing demand reinforcing long-term stability.

OVERVIEW

Located in the heart of the Ithaca Commons, 146–148 East State Street presents a rare opportunity to acquire a fully occupied, mixed-use asset within one of Upstate New York’s most celebrated pedestrian destinations. Positioned along a vibrant corridor known for restaurants, boutique retailers, cultural events, and year-round foot traffic, the property offers immediate income stability combined with meaningful long-term upside. The building features a highly efficient layout supporting retail, residential, and office uses, appealing to investors seeking diversified revenue streams in a supply-constrained downtown market.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$301 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

CBD-60

APN/PARCEL ID

500700-070-000-0002-020-000-0000

ASK ABOUT THIS PROPERTY

Christopher SnyderCNY BrokerMore Info
315-558-2277

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Christopher SnyderCNY BrokerMore Info
315-558-2277

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.