120-122 E State Ithaca City, NY ^$ 2,150,000

120-122 E State

^$ 2,150,000

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120-122 E State

Ithaca City, NY, 14850

^$ 2,150,000

Bedrooms-- Baths-- Sq 14,053

Monthly Estimate*

^$ 13,238

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Commercial Property for sale in Ithaca City, NY for $2,150,000. This 14,053 square foot building was built in 1975 on a lot size of 0.16.

Prime large, 4-story mixed-use commercial building (14,053 SF) on iconic City of Ithaca Commons in Downtown Business District. Significant potential upside / redevelopment opportunity. Mixed-use asset combines a very long-time retail presence on ground floor with recently renovated office space on 2nd and two (2) spacious 2-bedroom apartments on 3rd & 4th. Plus, ample additional flex space for potential expansion for existing or new uses. Favorable zoning + sizable footprint (0.16-acres) offers potential to vertically re-develop property up to 6 stories. Additional potential to purchase adjacent property to increase development footprint. Sales Flyer; Summary Listing of Building Improvements and Certificates of Compliance accompany listing

Commercial Active

Price

^$ 2,150,000

Property Type

Commercial

Taxes

^$ 23,557

Style

Lot Size

0.16

Year Built

1975

Town/City

Ithaca City

County/Region

TOMPKINS

MLS | Web ID

R1669763

Features

General

Sewer PublicSewer

Heating Gas Individual Other SeeRemarks Zoned ForcedAir MultipleHeatingUnits Steam

Cooling Other SeeRemarks OneUnit Zoned

Utilities SewerConnected WaterConnected

Possession Closing

Roof Asphalt Membrane Rubber

Zoning CBD-60

School District Ithaca

Year Built 1975

Stories Count 3

Township Not Applicable

Additional Parcels Description 70.-2-29

County Tompkins

Property Type CommercialSale

Status Active

City Ithaca City

High School District Ithaca

Zoning Description Commercial

Number Of Units Total 0

MLS Area Ithaca-City-500700

Lot Size Units Acres

Elementary School Beverly J Martin Elementary

Year Built Details Existing

Tax Annual Amount 23557.0

Property Condition Resale

Lease Considered Y/N No

Standard Status Active

Middle/Junior School District Ithaca

Elementary School District Ithaca

Tax Assessed Value 895000

TaxOtherAnnualAssessmentAmount 0.0

Interior

Total Fireplaces 0

Total Stories 3

Air Conditioning Y/N Yes

Heating Y/N Yes

Fireplace Y/N No

Main Level Bathrooms 0

Total Baths 0

Exterior

Lot Features Rectangular RectangularLot

Water Source Public

Total Parking 3.0

Inclusions Land and Building

Lot Size Area 0.16

Number of Buildings 2

Building Area Total 14053.0

Lot Dimensions 48X136

Lot Size Acres 0.16

Waterfront Y/N No

Internal Only

Street Number 1 120

* Excluded Features

List By

Pyramid Brokerage Company - Co

Broker

(607) 227-7558

Phone

Affordability Calculator

$15,201

Per Month

Monthly Principal & Interest: $13,238
Monthly Property Taxes: $1,963
Monthly Home Insurance: --

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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

Trends
Schools

About Ithaca, NY

32,079 Population

8% Since 2002

^$37,035 Median Income

23.06 Median Age

12% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

5133727 Elementary School

3323858 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/3/2026	$2,150,000		Listed Price

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120-122 E State, Ithaca City, NY, 14850 is a Commercial Property for sale at $2,150,000 with 14,053 sqft and a lot size of 0.16. 120-122 E State was built in 1975. The property's zip code is 14850 which is in Ithaca City, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Brokers Firm Name.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Weichert Realtors shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright 2026 All rights reserved.

Fair Housing Notice (FHN)-https://www.dos.ny.gov/licensing/docs/FairHousingNotice_new.pdf

Data is updated as of 4/18/2026.

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