Listing IDS1439487
Price$4,490,000
StatusActive
SqFt
18,271
Acres
1.360
CountyTompkins
Year Built1980
Property TypeCommercial Sale
Property Sub TypeBusiness
Bouck Real Estate is excited to announce the listing of 798 Cascadilla Street which houses FLX Fitness, Coughlin & Gehart, LLP, & BCA Architectural Engineers. This property is fully rented with long term leases and is a great investment in one of the fastest growing cities in New York State. Centrally located right off of the Cayuga Canal, this site includes an 18,000 square foot building with 65 parking spaces along with 3 long standing & established tenants who have invested in their future as tenants in the building with brand new buildouts. All leases include yearly rent escalations, renewal options at the end of the term, CAM reimbursements, and NNN leases. Ithaca is a strong commercial market and proves it by committing $360 million in commercial development just this past year. Their commercial growth parallels the strong local demographics with a 33% increase in population from 2010-2019.
County
Tompkins
Property Sub Type
Business
Property Type
Commercial Sale
Year Built
1980
Zoning
COM 1
Documents Available
Aerial, Lease, Profit/Loss Statement, Survey
Possible Use
Office
Year Built Details
Existing
Basement
None
Building Features
Office, Public Restrooms
Fireplace
no
Flooring
Carpet, Linoleum, Vinyl
Heating
yes
Heating Type
Gas, Forced Air
Levels
One
Living Area
18271
Stories
1
Stories Total
1
Construction Materials
Block, Masonry
Lot Size Area
1.36
Lot Size Dimensions
263X299
Lot Size Square Feet
59242
Number Of Buildings
1
Number Of Units Total
3
Parking Features
On Site
Parking Total
65
Roof
Membrane, Rubber
Sewer
Public Sewer
Utilities
Sewer Connected
Window Features
Skylight(s)
City
Ithaca-City
Elementary School District
Ithaca
High School District
Ithaca
Middle Or Junior School District
Ithaca
MLS Area Major
Ithaca-City-500700
Township
Not Applicable
Waterfront
no
Zoning Description
Commercial
Inclusions
Land and Building
Net Operating Income
-88621
Operating Expense Includes
Accounting, Electric, Insurance, Legal, Professional Management, Rent, Snow Removal, Utilities, Water/Sewer
Possession
Close Of Escrow
Special Listing Conditions
Standard
Tax Annual Amount
88621
Tax Assessed Value
2500000
Tax Lot
1
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than LoVallo Real Estate, are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. The compensation offer is made only to Participants of the MLS where the listing is filed. Data last updated Monday, May 29th, 2023 at 05:47:51 AM.Similar Listings
Contact - Listing ID S1439487
James LoVallo
Data services provided by IDX Broker
