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146-148 East State

ithaca, NY 14850

$1,375,000

    INTERESTED? LET'S CONNECT

    Rare Opportunity for an Owner Operator / Investor to use and own a well maintained mixed-use building in the Ithaca Commons. Brick building is in great condition, completely renovated approximately 11 years ago. Lot consists of two buildings (146 & 148) on one tax lot. Three floors each. Silver coated rubber roof. 146 side is a two level commercial restaurant space with basement. Restaurant has all kitchen equipment & hood in place. Second floor is seating and storage. Third floor is a mechanical room, not in use and does not count towards square footage. 148 side consists of a vacant retail space that is part of the 146 retail (Komonz Grill) lease. Upside to lease / sublease / Owner Operate this space. Second floor is a vacant office space that comes with approved plans to convert to a residential unit. Third floor is a gorgeous studio apartment with a Cornell grad student as tenant. Property has historically shown solid rental figures. Potential upside includes charging the commercial tenants a pro-rata share of taxes, maintenance & insurance. Ability to convert the 2nd floor at 148 to the highest & best use of residential or retail. Ability to convert 3rd floor of 146 to the highest & best use of residential or commercial. CBD-60 Zoning class. Welcome to 146-148 East State Street.

    Details

    3,360 Sq Ft

    2,000 Sq Ft Exterior Space

    Commercial

    $18,677 Annual Tax

    Built in 1940

    MLS/Listing ID S1623424

    3 Stories

    4 Units

    Amenities & Features

    Heating - Gas

    Flat

    Membrane

    Rubber

    CHRISTOPHER B. SNYDER - 315-558-2277

    NYS

    Source of Data: NEW YORK STATE MLS

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    Interested in 146-148 East State?