1201-15 N Tioga Street Ithaca City, NY $ 2,000,000
1201-15 N Tioga Street
$ 2,000,000
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1201-15 N Tioga Street

Ithaca City, NY, 14850
$ 2,000,000
Bedrooms-- Baths-- Sq 10,193

Monthly Estimate*

$ 12,314

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Commercial Property for sale in Ithaca City, NY for $2,000,000. This 10,193 square foot building was built in 1980 on a lot size of 0.62.

Exceptional opportunity to acquire a fully leased, turn-key commercial asset in the heart of Ithaca's highly desirable Fall Creek neighborhood! This corner lot property spans four parcels and offers outstanding visibility, flexible zoning, and long-term upside potential. Home to a diverse mix of thriving local businesses, including a restaurant, coffee shop, yoga studio, Pilates studio, Tae Kwon Do studio, boutique retail store, bar, and thrift store. All units are fully rented, providing immediate and stable income. Located just one block from Ithaca Falls, the property benefits from strong foot traffic and a vibrant surrounding community of activity. Ample off-street parking enhances accessibility for both tenants and customers. The property is ideal for investors seeking dependable cash flow, owner-users, or buyers exploring future redevelopment or expansion opportunities under optimal zoning condition. This is a rare opportunity to own a cornerstone commercial property in one of Ithaca's most sought after neighborhoods!

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Commercial Active

Price

$ 2,000,000

Property Type

Commercial

Taxes

$ 53,397

Style

Business

Lot Size

0.62

Year Built

1980

Town/City

Ithaca City

County/Region

TOMPKINS

MLS | Web ID

R1656823

Features
General
Sewer PublicSewer
Heating Electric Gas HeatPump ForcedAir
Cooling HeatPump
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Flat Metal
Zoning Com 1
Construction Materials Frame Concrete WoodSiding
School District Ithaca
Year Built 1980
Stories Count 1
Township Not Applicable
Levels One
Property Subtype Business
Accessibility AccessibleDoors
Additional Parcels Description 12.-2-2 12.-2-19 5.-2-10.2
County Tompkins
Property Type CommercialSale
Possible Use Other Restaurant
Building Features PublicRestrooms Shelving
Status Active
Directions Take Cayuga Street To Falls Street. Buildings located on left.
City Ithaca City
High School District Ithaca
Zoning Description Commercial
Number Of Units Total 0
MLS Area Ithaca-City-500700
Lot Size Units Acres
Lot Size Square Feet 27007.0
Elementary School Other - See Remarks
Year Built Details Existing
Tax Annual Amount 53397.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Ithaca
Elementary School District Ithaca
Tax Assessed Value 1315000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 1
Property Sub Type Additional Business MixedUse Commercial Other
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Interior
Basement None
Flooring Linoleum Other SeeRemarks Vinyl Carpet
Total Fireplaces 0
Total Stories 1
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Common OffSite OnSite Surfaced
Lot Features IrregularLot
Water Source Public
Total Parking 15.0
Inclusions Equipment Land and Building Other - See Remarks
Lot Size Area 0.62
Number of Buildings 2
Building Area Total 10193.0
Lot Dimensions 41X120
Lot Size Acres 0.62
Waterfront Y/N No
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Internal Only
Street Number 1 1201
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* Excluded Features
List By
Warren Real Estate Of Ithaca Inc. (Downtown)

Broker

(585) 802-7827

Phone

Affordability Calculator

$16,764
Per Month
73%
27%
0%
Monthly Principal & Interest
$12,314
Monthly Property Taxes
$4,450
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
5374260 Elementary School
3323858 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/7/2026$2,000,000 Listed Price

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1201-15 N Tioga Street, Ithaca City, NY, 14850 is a Commercial Property for sale at $2,000,000 with 10,193 sqft and a lot size of 0.62. 1201-15 N Tioga Street was built in 1980. The property's zip code is 14850 which is in Ithaca City, NY