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Listed price in listed location currency (USD).
$425,000

0025

MLS® R1653936

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size 8374 sqft
Garage No
HOA Fees 
Taxes $11,270
Days Active 1
Approx. Age 1975
Avg. Price Per Sqft $50
MLS® Number R1653936

Property Address: 615 Five Mile Dr, Ithaca, NY, 14850-9374

Average square foot calculated using Size range provided by listing agent.

Description

Rare multi-building commercial property in the Town of Ithaca featuring three versatile structures, strong operational functionality, and significant value-add potential. Situated on 2.00 acres with scenic creek and inlet frontage (0.47 acres under NYS permanent easements), this site offers approximately 8, 400 sq ft across an office building, clear-span warehouse, and heated garage/workshop with additional office space and attic storage. The 1, 524 sq ft office building includes two reception areas, three private offices, a break room, storage, and two bathrooms. The 3, 650 sq ft metal-frame warehouse provides a wide-open interior ideal for trades, fabrication, storage, or logistics. The 3, 200 sq ft garage/office hybrid offers three overhead doors, a heated shop with oil-separation system, workshop and storage areas, one bathroom, an office section, and attic storage above. Parking for 25+ vehicles supports contractors, service fleets, and multi-tenant operations. Current income is approximately $2, 500/month only because the owner’s business occupies a substantial portion of the property; stabilized income is projected at $8, 000–$10, 000/month based on market rents. High demand in Ithaca for warehouse, trades bays, industrial shop space, and contractor facilities makes this a strong value-add investment. Located adjacent to the new Amabel residential development within an active growth corridor, with convenient access to downtown Ithaca, Cornell, and major routes. A rare opportunity offering operational versatility, income upside, redevelopment potential, and a commercial setting seldom available in this market.
MLS® NumberR1653936
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1975
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Land and Building

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 8, 2025List Date
$425,000List Price
  • Commute

Commute

Starting Address
Destination Address
615 Five Mile Dr, Ithaca, NY

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