615 Five Mile Dr, Ithaca, NY

Name: 615 Five Mile Dr, Other in Ithaca - Zoocasa
Brand: Howard Hanna Horseheads
SKU: R1653936
Price: 425000 USD

House

Other

Listed price in listed location currency (USD).

$425,000

0025

MLS® R1653936

Overview

Key Facts

Type Mixed Use

Levels Commercial Sale

Size 8374 sqft

Garage

Taxes $11,270

Days Active 117

Lot Size

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

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1975

BasementNone

DrivewayOn Site

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

Other

Dec 8, 2025List Date

$425,000List Price

Map

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