About 146-148 East State
Rare Opportunity for an Owner Operator / Investor to use and own a well maintained mixed-use building in the Ithaca Commons. Brick building is in great condition, completely renovated approximately 11 years ago. Lot consists of two buildings (146 & 148) on one tax lot. Three floors each. Silver coated rubber roof. 146 side is a two level commercial restaurant space with basement. Restaurant has all kitchen equipment & hood in place. Second floor is seating and storage. Third floor is a mechanical room, not in use and does not count towards square footage. 148 side consists of a vacant retail space that is part of the 146 retail (Komonz Grill) lease. Upside to lease / sublease / Owner Operate this space. Second floor is a vacant office space that comes with approved plans to convert to a residential unit. Third floor is a gorgeous studio apartment with a Cornell grad student as tenant. Property has historically shown solid rental figures. Potential upside includes charging the commercial tenants a pro-rata share of taxes, maintenance & insurance. Ability to convert the 2nd floor at 148 to the highest & best use of residential or retail. Ability to convert 3rd floor of 146 to the highest & best use of residential or commercial. CBD-60 Zoning class. Welcome to 146-148 East State Street.
Features of 146-148 East State
| MLS® # | S1623424 |
|---|---|
| Price | $1,375,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,360 |
| Square Footage | 2000 |
| Acres | 0.05 |
| Year Built | 1940 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 146-148 East State |
|---|---|
| Area | Ithaca-City |
| Subdivision | Downtown (Ithaca) |
| City | Ithaca City |
| County | Tompkins |
| State | NY |
| Zip Code | 14850 |
Amenities
| Utilities | Water Connected |
|---|---|
| Features | Rectangular, Rectangular Lot |
| Parking | None |
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Gas, Forced Air, Wall Furnace |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Lot Description | Rectangular, Rectangular Lot |
|---|---|
| Roof | Membrane, Rubber, Flat |
School Information
| District | Ithaca |
|---|
Additional Information
| Zoning | CB-60 |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | CNY Broker LLC |
|---|