Active
798 Cascadilla Street, Ithaca City NY 14850
MLS# R1670975
$3,600,000
Price
-
Beds
-
Baths
18,271
Living Area (Sq.Ft.)
1.36
Lot Area (Acres)
$3,600,000
Price
-
Beds
-
Baths
18,271
Living Area (Sq.Ft.)
1.36
Lot Area (Acres)
Positioned within one of Ithaca’s most dynamic and rapidly evolving submarkets, 798 Cascadilla Street presents a rare opportunity to acquire a Class A, fully leased professional asset with strong in-place income and exceptional long-term fundamentals. <br>This 100% occupied, net-leased investment is anchored by a complementary mix of high-quality tenants, including a legal practice, an established engineering firm, and a high-end fitness studio—each operating under NNN lease structures, providing investors with stable, passive cash flow and minimal landlord responsibilities. The building itself has been meticulously maintained and is in impeccable condition, reflecting true institutional-grade ownership and care. <br>Strategically located adjacent to the Cayuga Inlet, the property benefits from immediate proximity to transformative development activity that continues to elevate the surrounding corridor. Neighboring assets include Cayuga Medical Center’s new specialist office facility, a recently completed 141-unit multifamily development, and direct access to the Cayuga Waterfront Trail, all of which contribute to increasing foot traffic, tenant demand, and long-term value appreciation. <br>The property sits within the highly active Carpenter Business Park corridor, an area that has seen significant public and private investment, positioning it as a premier destination for medical, professional, and lifestyle-oriented users. Its location offers seamless connectivity to State Route 13, the region’s primary commercial artery, which carries an excess of 20,000 vehicles per day (per NYS DOT traffic counts near Cascadilla Street)—providing excellent visibility and accessibility for tenants and clients alike. <br>This offering is particularly well-suited for investors and 1031 exchange buyers seeking a stabilized, income-producing asset in a high-growth market with strong underlying demographics and institutional adjacency. With zero vacancy, durable tenancy, & placement within a corridor defined by continued expansion & infrastructure investment, 798 Cascadilla Street represents a compelling opportunity to secure a core-plus asset in the heart of Ithaca’s waterfront district.
Status
Active
Property Type
CommercialSale
Property Sub Type
Office
Year Built
1980
Parcel Number
500700-043-000-0002-001-002-0000
Unit Number
--
Lot Features
Irregular Lot
Levels
One
Lot Size Dimensions
262X274
Stories
1
Property Condition
Resale
Elementary School
Beverly J Martin 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
Kyle Steele
Listing Office
Howard Hanna S Tier Inc
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash
Documents Available
Aerial,Survey
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-04-03
Fire Places Total
0
Cooling
true
Cooling Features
Zoned,CentralAir
Heating
true
Heating Features
Electric, Gas, Zoned, Forced Air
Garage
--
Garage Spaces
--
Water Source
Public
Sewer
PublicSewer
Roof
Membrane, Rubber
Utilities
Electricity Connected, Sewer Connected, Water Connected
Parking Total
65
Parking Features
On Site
Construction Materials
Spray Foam Insulation
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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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.
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.