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108 S Albany St 2,692 SF 100% Leased Office Building Ithaca, NY 14850 $449,000 ($166.79/SF)
Investment Highlights
- Located just three blocks from Ithaca Commons.
- Suitable for investors or owner-occupants seeking downtown presence.
- Walkable access to restaurants, retail, and professional services.
- Features 7 to 8 office suites with established tenancy history.
- Positioned within Ithaca’s central business and commercial district.
- Flexible layout supports a variety of office and business uses.
Executive Summary
Prime Downtown Ithaca Investment Opportunity! This property features 7-8 office spaces with a proven rental history, ensuring steady income. Just 3 blocks from The Commons, this location provides high visibility and convenience. Whether you're an investor seeking stable returns or an owner-occupant looking to establish roots in the heart of Ithaca, this is your opportunity. Don't miss this versatile and income-generating property in one of Ithaca's commercial corridors!
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,692 SF
Building Class
C
Year Built
1974
Price
$449,000
Price Per SF
$166.79
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
897 SF
Slab To Slab
12’
Building FAR
0.69
Lot Size
0.09 AC
Zoning
CBD-50 - Business
Parking
4 Spaces (1.49 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 500700-071-000-0005-011-000-0000 | Improvements Assessment | $250,000 |
| Land Assessment | $50,000 | Total Assessment | $300,000 |
Property Taxes
Parcel Number
500700-071-000-0005-011-000-0000
Land Assessment
$50,000
Improvements Assessment
$250,000
Total Assessment
$300,000
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