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Commercial/Residential Live/Work King St 6,224 SF 50% Leased Industrial Building Trumansburg, NY 14886 $525,000 ($84.35/SF)
Investment Highlights
- 4.77 acres across two parcels — rare in-village acreage
- 6,224 SF main building with walk-up apartment (1,176 SF) above commercial space
- Inside Village of Trumansburg — public water, walkable to Main Street
- Mixed Use Industrial zoning permits warehouse, distribution, retail (5% accessory), and residential
- Adaptive reuse potential — workshop, maker space, distillery, agritourism
- 3.55-acre King St parcel includes 2022-built utility shed and canopy
Executive Summary
Rare 4.77-acre mixed-use industrial offering inside the Village of Trumansburg — two contiguous parcels conveying together under Mixed Use Industrial (MUI) zoning. The primary improvement is a 6,224 SF single-story commercial building with a 1,176 SF walk-up residential apartment, currently occupied by an established commercial tenant alongside an owner-occupied unit.
The MUI district permits warehouse, distribution, light manufacturing, and accessory retail, with residential use specifically contemplated — making this property well-suited to owner-users, value-add investors, or adaptive-reuse buyers. Recent Trumansburg activity in maker spaces, craft beverages, and agritourism positions the location for repositioning, while the in-place commercial income provides cash flow during planning.
The companion 3.55-acre parcel on King Street includes a 2022 utility shed and canopy structure, offering expansion, outdoor storage, or development optionality. Public water and electricity serve both parcels.
Located inside the Village of Trumansburg — 15 minutes to Ithaca and Cornell University, on the Cayuga Lake Wine Trail corridor, and within the Tompkins County trade area. Properties of this scale and use mix rarely come available inside village limits.
The MUI district permits warehouse, distribution, light manufacturing, and accessory retail, with residential use specifically contemplated — making this property well-suited to owner-users, value-add investors, or adaptive-reuse buyers. Recent Trumansburg activity in maker spaces, craft beverages, and agritourism positions the location for repositioning, while the in-place commercial income provides cash flow during planning.
The companion 3.55-acre parcel on King Street includes a 2022 utility shed and canopy structure, offering expansion, outdoor storage, or development optionality. Public water and electricity serve both parcels.
Located inside the Village of Trumansburg — 15 minutes to Ithaca and Cornell University, on the Cayuga Lake Wine Trail corridor, and within the Tompkins County trade area. Properties of this scale and use mix rarely come available inside village limits.
Property Facts
Amenities
- Front Loading
- Security System
- Storage Space
- Fiber Optic Internet
Utilities
- Lighting
- Gas - Propane
- Water - City
- Sewer - Septic Field
- Heating - Gas
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 503601-003-000-0002-003-000-0000 | Improvements Assessment | $145,000 |
| Land Assessment | $15,000 | Total Assessment | $160,000 |
Property Taxes
Parcel Number
503601-003-000-0002-003-000-0000
Land Assessment
$15,000
Improvements Assessment
$145,000
Total Assessment
$160,000
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Commercial/Residential Live/Work | King St
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