798 Cascadilla Street Ithaca-City NY 14850 | S1439487

798 Cascadilla Street
Ithaca-City, NY, 14850
$4,490,000
Beds
0 Baths
18,271 SqFt
1.36 Acres
Bouck Real Estate is excited to announce the listing of 798 Cascadilla Street which houses FLX Fitness, Coughlin & Gehart, LLP, & BCA Architectural Engineers. This property is fully rented with long term leases and is a great investment in one of the fastest growing cities in New York State. Centrally located right off of the Cayuga Canal, this site includes an 18,000 square foot building with 65 parking spaces along with 3 long standing & established tenants who have invested in their future as tenants in the building with brand new buildouts. All leases include yearly rent escalations, renewal options at the end of the term, CAM reimbursements, and NNN leases. Ithaca is a strong commercial market and proves it by committing $360 million in commercial development just this past year. Their commercial growth parallels the strong local demographics with a 33% increase in population from 2010-2019.

Property Details

Price:
$4,490,000
MLS #:
S1439487
Status:
Active
Baths:
0.00
Address:
798 Cascadilla Street
Type:
Commercial
City:
Ithaca-City
Listed Date:
Jan 1, 1970
State:
NY
Square Ft (approx):
18,271
ZIP:
14850
Lot Size:
1 acres
Year Built:
1980
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Allen started in Real Estate in 1986 and opened Canaan Realty in 1989 as a full service Land and Farm Real Estate Brokerage. Over his numerous years in Real Estate, Allen has negotiated sales for local, national, and international clients. He often works with other brokers who are seeking land advice. Allen is a former military officer with a computer programming degree. He is a lifelong resident of New York State and proudly served in the National Guard (joining at age 17). Allen currently res…

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Schools

School District:
Ithaca

Interior

Flooring
Carpet, Linoleum, Vinyl
Heating
Gas, Forced Air

Exterior

Construction Materials
Block, Masonry
Parking Features
On Site
Roof
Membrane, Rubber

Financial

Buyer Agent Compensation
3%
Net Operating Income
$-88,621
Taxes
$88,621

Map

Community

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798 Cascadilla Street
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