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South Hill Business Campus 950 Danby Rd 284,591 SF 100% Leased Flex Building Ithaca, NY 14850 $20,750,000 ($72.91/SF) 8% Cap Rate
Investment Highlights
- + 212,192 rentable sq. ft. with ±95.5% occupancy (December 2025)
- + Surface parking with 1,200 spaces
- + Highly stabilized asset with a diverse mix of 154 tenants
- Located adjacent to Ithaca College and just a short drive from downtown Ithaca and Cornell University
Executive Summary
CBRE Upstate NY is the exclusive representative offering the opportunity to acquire 950 Danby Rd, Ithaca, NY 14850, a large scale multi-tenant commercial campus known as South Hill Business Campus (SHBC) that provides durable and diversified tenancy with long-term leasing flexibility in a supply-constrained market. The ±284,591 sq. ft. building (includes butler building and monitor storage) on ±56 acres is, as of the offering date, a 95.5% occupied property encompassing a mix of office, light industrial, laboratory, creative, and service-oriented spaces. With suites ranging in size from small studios to large floor plates, the mix allows for flexible layouts that accommodate a variety of business uses and tenant requirements. The property is located adjacent to Ithaca College and is just a short drive from downtown Ithaca (1 mi.) and Ithaca Tompkins Regional Airport (7.5 mi). Our team will accompany interested parties on property tours. All tours will must be requested through, and accompanied by, the CBRE Upstate NY listing team and require a minimum 48 hours advance notice and are subject to schedule availability.
Property Facts
| Price | $20,750,000 | Lot Size | 57.00 AC |
| Price Per SF | $72.91 | Rentable Building Area | 284,591 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 8% | Year Built | 1957 |
| Property Type | Flex | Parking Ratio | 1.38/1,000 SF |
| Property Subtype | Light Manufacturing | No. Dock-High Doors/Loading | 10 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | Ind - PUD - Wide Range for Development | ||
| Price | $20,750,000 |
| Price Per SF | $72.91 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Lot Size | 57.00 AC |
| Rentable Building Area | 284,591 SF |
| No. Stories | 3 |
| Year Built | 1957 |
| Parking Ratio | 1.38/1,000 SF |
| No. Dock-High Doors/Loading | 10 |
| Opportunity Zone |
Yes |
| Zoning | Ind - PUD - Wide Range for Development |
Amenities
- Security System
- Air Conditioning
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $11,785,000 | |
| Land Assessment | $615,000 | Total Assessment | $12,400,000 |
Property Taxes
Parcel Numbers
Land Assessment
$615,000
Improvements Assessment
$11,785,000
Total Assessment
$12,400,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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South Hill Business Campus | 950 Danby Rd
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