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632 W Seneca St 3,144 SF Retail Building Ithaca, NY 14850 $450,000 ($143.13/SF)
Investment Highlights
- Positioned in the West End commercial corridor, this mixed-use property presents an exceptional opportunity for investors and developers alike.
- With over 15,000 cars passing by daily, the property benefits from outstanding visibility and consistent foot and vehicle traffic
- 100% leased: features a long term bar tenant occupying the ground floor and a residential apartment upstairs with both providing immediate cashflow
Executive Summary
Positioned in the West End commercial corridor, this mixed-use property presents an exceptional opportunity for investors and developers alike. The fully leased building features a long term bar tenant occupying the ground floor and a residential apartment upstairs with both providing immediate cashflow. With over 15,000 cars passing by daily, the property benefits from outstanding visibility and consistent foot and vehicle traffic—making it a prime location for retail, hospitality, or long-term mixed-use investment. Ideal for a first-time investor seeking immediate cash flow, the property also offers significant redevelopment potential. Zoned WEDZ-1A (West End District Zone), the property allows for up to five stories of development, creating an excellent opportunity for future mixed-use expansion in one of the area’s most active commercial districts. Whether you’re looking to expand your portfolio or capitalize on the corridor’s continued growth with a future development, this property offers the rare combination of immediate income today and long-term upside tomorrow.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
3,144 SF
Building Class
C
Year Built
1975
Price
$450,000
Price Per SF
$143.13
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.95
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
B-4 - Business
Frontage
53’ on Seneca St
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 500700-059-000-0007-025-000-0000 | Improvements Assessment | $150,000 |
| Land Assessment | $35,000 | Total Assessment | $185,000 |
Property Taxes
Parcel Number
500700-059-000-0007-025-000-0000
Land Assessment
$35,000
Improvements Assessment
$150,000
Total Assessment
$185,000
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632 W Seneca St
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