798 Cascadilla St, Ithaca, NY

House

For Sale

Listed price in listed location currency (USD).

$3,600,000

0065

MLS® R1670975

Key Facts
Description
Map

Key Facts

Type Office

Levels Commercial Sale

Size 18271 sqft

Garage

Taxes $80,690

Days Active 0

Lot Size

Approx. Age 1980

Avg. Price Per Sqft $197

MLS® Number R1670975

Property Address: 798 Cascadilla St, Ithaca, NY, 14850-3253

Average square foot calculated using Size range provided by listing agent.

Description

Positioned within one of Ithaca’s most dynamic and rapidly evolving submarkets, 798 Cascadilla Street presents a rare opportunity to acquire a Class A, fully leased professional asset with strong in-place income and exceptional long-term fundamentals. This 100% occupied, net-leased investment is anchored by a complementary mix of high-quality tenants, including a legal practice, an established engineering firm, and a high-end fitness studio—each operating under NNN lease structures, providing investors with stable, passive cash flow and minimal landlord responsibilities. The building itself has been meticulously maintained and is in impeccable condition, reflecting true institutional-grade ownership and care. Strategically located adjacent to the Cayuga Inlet, the property benefits from immediate proximity to transformative development activity that continues to elevate the surrounding corridor. Neighboring assets include Cayuga Medical Center’s new specialist office facility, a recently completed 141-unit multifamily development, and direct access to the Cayuga Waterfront Trail, all of which contribute to increasing foot traffic, tenant demand, and long-term value appreciation. The property sits within the highly active Carpenter Business Park corridor, an area that has seen significant public and private investment, positioning it as a premier destination for medical, professional, and lifestyle-oriented users. Its location offers seamless connectivity to State Route 13, the region’s primary commercial artery, which carries an excess of 20, 000 vehicles per day (per NYS DOT traffic counts near Cascadilla Street)—providing excellent visibility and accessibility for tenants and clients alike. This offering is particularly well-suited for investors and 1031 exchange buyers seeking a stabilized, income-producing asset in a high-growth market with strong underlying demographics and institutional adjacency. With zero vacancy, durable tenancy, & placement within a corridor defined by continued expansion & infrastructure investment, 798 Cascadilla Street represents a compelling opportunity to secure a core-plus asset in the heart of Ithaca’s waterfront district.

MLS® NumberR1670975

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1980

Basement

DrivewayOn Site

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 3, 2026List Date

$3,600,000List Price

Commute

Commute

Starting Address

Destination Address

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