420 State StIthaca, NY 14850

This exceptional mixed-use investment opportunity encompasses two commercial buildings totaling 9,752 square feet on a 0.30-acre lot in Ithaca, New York's vibrant West End Business District. Located at 420-424 W. State Street, this Class B property currently boasts 100% occupancy with a lease expiring May 31, 2024. The asking price is $795,000, translating to $81.52 per square foot. The property features two two-story buildings and benefits from Commercial Mixed-Use zoning, permitting development up to five stories. This presents a significant redevelopment opportunity, especially considering the potential to acquire the adjacent property at 416 W. State Street to expand the developable footprint. The property's prime location is a short walk from Ithaca Commons and near Ironworks Ithaca, a recently completed five-story mixed-use building with residential and retail space. Tax Map numbers are 71-1-18 & 71-1-19.2. This is an ideal investment for those seeking to capitalize on Ithaca's thriving downtown area and its potential for future growth.