202 E Falls Street Ithaca City, NY $ 595,000
202 E Falls Street
$ 595,000
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202 E Falls Street

Ithaca City, NY, 14850
$ 595,000
Bedrooms-- Baths-- Sq 2,214

Monthly Estimate*

$ 3,757

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Commercial Property for sale in Ithaca City, NY for $595,000. This 2,214 square foot building was built in 1985.

Rare opportunity to own or lease a beautifully established restaurant property in the heart of Ithaca?s sought-after Fall Creek neighborhood. Positioned in one of the city?s most vibrant and walkable districts, this exceptional location benefits from strong local traffic, a loyal neighborhood customer base, and close proximity to downtown Ithaca, Cornell University, Ithaca Falls, and surrounding residential communities. This inviting restaurant space is filled with character and natural light, featuring expansive windows throughout that create a bright, warm, and welcoming dining atmosphere for guests year-round. The thoughtfully designed layout accommodates both casual dining and upscale service concepts, making it suitable for a wide variety of culinary and hospitality uses. The property includes a fully equipped commercial kitchen with ample prep and cooking space, along with a full-service bar area ideal for cocktails, wine service, craft beverages, or an expanded hospitality program. Whether continuing an existing restaurant operation or launching a new concept, the infrastructure is already in place for a smooth transition. One of the property?s standout features is the abundance of outdoor seating options. Guests can enjoy charming front patio seating that enhances street presence and visibility, as well as a spacious rear outdoor dining area perfect for private gatherings, seasonal events, live music, or relaxed al fresco dining. These outdoor spaces significantly expand seating capacity and contribute to the lively neighborhood atmosphere Fall Creek is known for. Additional features include valuable off-street parking ? a rare convenience in Ithaca ? providing easy access for customers, staff, deliveries, and catering operations. The highly visible location offers excellent signage opportunities and benefits from steady pedestrian and vehicle traffic throughout the day and evening.

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Commercial Active

Price

$ 595,000

Property Type

Commercial

Taxes

$ 11,764

Style

Commercial

Year Built

1985

Town/City

Ithaca City

County/Region

TOMPKINS

MLS | Web ID

R1685918

Features
General
Sewer PublicSewer
Heating Gas HeatPump ForcedAir
Cooling HeatPump
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Flat Membrane Rubber
Zoning R2
Security Features FireSprinklerSystem
Construction Materials Block Concrete WoodSiding
School District Ithaca
Year Built 1985
Stories Count 1
Township Not Applicable
Levels One
Property Subtype Commercial
Business Type Restaurant BarTavernLounge
Accessibility NoStairs AccessibleDoors AccessibleEntrance
Business Name Northstar
County Tompkins
Property Type CommercialSale
Possible Use Restaurant
Building Features FloorDrains Office PublicRestrooms Shelving
Status Active
City Ithaca City
High School District Ithaca
Zoning Description Commercial
Number Of Units Total 1
MLS Area Ithaca-City-500700
Lot Size Units Acres
Elementary School Fall Creek Elementary
Year Built Details Existing
Tax Annual Amount 11764.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Ithaca
Elementary School District Ithaca
Tax Assessed Value 270000
TaxOtherAnnualAssessmentAmount 0.0
Property Sub Type Additional Commercial
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Interior
Basement None
Flooring Concrete
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 OnSite ParkingFee Surfaced
Lot Features Rectangular RectangularLot
Water Source Public
Total Parking 20.0
Inclusions Equipment Land Building and Business
Number of Buildings 1
Building Area Total 2214.0
Lot Dimensions 103X120
Waterfront Y/N No
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Internal Only
Street Number 1 202
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* Excluded Features
List By
Warren Real Estate Of Ithaca Inc. (Downtown)

Broker

(585) 802-7827

Phone

Affordability Calculator

$4,737
Per Month
79%
21%
0%
Monthly Principal & Interest
$3,757
Monthly Property Taxes
$980
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
5133754 Elementary School
3323858 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/29/2026$595,000 Listed Price

Map


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202 E Falls Street, Ithaca City, NY, 14850 is a Commercial Property for sale at $595,000 with 2,214 sqft. 202 E Falls Street was built in 1985. The property's zip code is 14850 which is in Ithaca City, NY