Active Under Contract
615 Five Mile Drive, Ithaca Town NY 14850
MLS# R1653936
$425,000
Price
-
Beds
-
Baths
8,374
Living Area (Sq.Ft.)
0.44
Lot Area (Acres)
$425,000
Price
-
Beds
-
Baths
8,374
Living Area (Sq.Ft.)
0.44
Lot Area (Acres)
Rare multi-building commercial property in the Town of Ithaca featuring three versatile structures, strong operational functionality, and significant value-add potential. Situated on 2.00 acres with scenic creek and inlet frontage (0.47 acres under NYS permanent easements), this site offers approximately 8,400 sq ft across an office building, clear-span warehouse, and heated garage/workshop with additional office space and attic storage. <br> <br>The 1,524 sq ft office building includes two reception areas, three private offices, a break room, storage, and two bathrooms. The 3,650 sq ft metal-frame warehouse provides a wide-open interior ideal for trades, fabrication, storage, or logistics. The 3,200 sq ft garage/office hybrid offers three overhead doors, a heated shop with oil-separation system, workshop and storage areas, one bathroom, an office section, and attic storage above. <br> <br>Parking for 25+ vehicles supports contractors, service fleets, and multi-tenant operations. Current income is approximately $2,500/month only because the owner’s business occupies a substantial portion of the property; stabilized income is projected at $8,000–$10,000/month based on market rents. High demand in Ithaca for warehouse, trades bays, industrial shop space, and contractor facilities makes this a strong value-add investment. <br> <br>Located adjacent to the new Amabel residential development within an active growth corridor, with convenient access to downtown Ithaca, Cornell, and major routes. A rare opportunity offering operational versatility, income upside, redevelopment potential, and a commercial setting seldom available in this market.
Status
Active Under Contract
Property Type
CommercialSale
Property Sub Type
Industrial
Year Built
1975
Parcel Number
503089-031-000-0002-030-000-0000
Unit Number
--
Lot Features
Rectangular, Rectangular Lot
Levels
One
Lot Size Dimensions
340X418
Stories
1
Property Condition
Resale
Elementary School
Cayuga Heights Elementary
Elementary School District
Ithaca
Middle Or Junior School
Boynton Middle
Middle Or Junior School District
Ithaca
High School
Ithaca Senior High
High School District
Ithaca
Location
Listing Agent
Jody Saunders
Listing Office
Howard Hanna Horseheads
Owner Name
--
Owner Phone
--
Possession
Closing,Other,SeeRemarks,SubjectToTenantRights
Special Listing Conditions
Standard
Listing Terms
Cash
Documents Available
Aerial,Deed,Lease,Survey
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2025-12-08
Fire Places Total
0
Flooring
Concrete, Linoleum, Vinyl
Cooling
true
Heating
true
Heating Features
Electric, Oil, Baseboard, Wall Furnace
Electric
Volts220
Garage
--
Garage Spaces
--
Water Source
Well
Sewer
SepticTank
Roof
Metal, Shingle
Parking Total
25
Parking Features
On Site
Basement
None
No schools found
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.