MLS Public Remarks 142 E Center in Ithaca presents a unique investment opportunity for those seeking versatility and potential in a bustling location where approximately 7,000 cars drive by daily. This three-story building currently has 3 tenants for a combined monthly rental income of 1,350 with the potential for 2 additional tenants. The ground floor was previously used as a restaurant, boasting a seating capacity of 118, 2 bathrooms, and all equipment included for immediate operation. The restaurant was paying approximately 400/month in rent and the tenant paid all utilities on their own (water, gas, electric). The other half of the ground floor features a 2 room office with 1 bathroom at approximately 325/month. For this unit, the owner paid the utilities and the tenant reimbursed. On one half of the 2nd level there is a 1 bed, 1 bath residential unit at approximately 625/month and the owner pays the utilities and the tenant reimburses. The furnace in this unit was recently rebuilt. The other half of the 2nd floor features a tie-dye studio with 1 bath room at 400/month and the tenant pays all utilities on their own. The third and final floor was used as a photo studio at 200/month. All tenants are on month-to-month leases, allowing for adaptability and increased income potential. There is a new AC upstairs as of 2024 and a new furnace downstairs as of 2024. Taxes are estimated to be 3,500/year. Whether you're an investor or an entrepreneur, 142 E Center stands as an exciting opportunity in a prime Ithaca location! BTVAI
http://www.www.realestateone.com.com/20230091260
Township Ithaca
Directions South of E Center St / East of S Pine River St
Fin Below Grd SqFt 0
Fin Non Exposed SqFt 0
Total Fin SqFt 5,198
Price/SqFt $41
Unfinished SqFt 0
Above Grade Finished SqFt 5,198
CDOM 570
Sub Property Type Commercial
Year Built 1900
Days on Market 570
Land Assessment -
Improvements $249900
Acreage 0.13
Taxes -
Tax Year -
Summer Taxes -
School District Ithaca
Winter Taxes -
Lower Level Square Footage 0
Waterview N
Waterfront N
For Lease/Rent N
Est. Total Acres 0.13
Lot Dimensions 34x165
WaterFrontage
0
Heating Forced Air, Natural Gas
Water Public (Municipal)
Zoning Commercial
Heating Forced Air, Natural Gas
Garage 0.0
Architecture 3 Story
Sewer Public Sewer (Sewer-Sanitary)
Possession Negotiable
Exterior Materials Brick, Other
Status Change Date 10/27/2023
Listing Date 10/27/2023
Internet/IDX Y
Co-Listing Agent Name Sean Konja
Listing Office
Kw Professionals
Office Address
789 W Ann Arbor Trail
Listing Number
20230091260
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Tuesday, May 20, 2025. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
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