725 Meadow St | Ithaca, NY 14850
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- LoopNet Team
725 Meadow St
Ithaca, NY 14850
Sleep Number Strip Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Dominant Retail Trade Area highlighted by low market vacancy and dynamic historical lease up of the subject property
- Long Term Corporate Leases with Weighted Average Lease Term of 7.92 Years with roughly 93.5% of Gross Rental Income secured by Multi-Billion $ Company
- Uncounted Population of 30,000 Students Enrolled
- Unmatched location at the precipice of a signalized intersection leading to the main entrance of the major retail power center
- NNN Leases & Very Low Management
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,200 SF
Building Class
C
Year Built
2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.39 AC
Zoning
CR - Commercial - Retail
Parking
15 Spaces (2.02 Spaces per 1,000 SF Leased)
Frontage
100’ on Meadow St
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 500700 104.-1-1.3 | Improvements Assessment | $900,000 |
| Land Assessment | $250,000 | Total Assessment | $1,150,000 |
PROPERTY TAXES
Parcel Number
500700 104.-1-1.3
Land Assessment
$250,000
Improvements Assessment
$900,000
Total Assessment
$1,150,000
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