202 E Falls ST, Ithaca, NY 14850
202 E Falls ST, Ithaca, NY 14850
202 E Falls ST, Ithaca, NY 14850
202 E Falls ST, Ithaca, NY 14850
202 E Falls ST, Ithaca, NY 14850
202 E Falls ST, Ithaca, NY 14850
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$ 595,000
Est. payment | /mo

2,214 SqFt


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$ 595,000
Est. payment | /mo
Save

2,214 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,214 sqft

Price per Sqft $268

MLS Listing ID R1685918

Construction Status Existing

HOA Y/N No

Year Built 1985

Annual Tax Amount $11,764

Lot Dimensions 103X120

Property Sub-Type Commercial

Property Description

Rare opportunity to own or lease a beautifully established restaurant property in the heart of Ithaca?s sought-after Fall Creek neighborhood. Positioned in one of the city?s most vibrant and walkable districts, this exceptional location benefits from strong local traffic, a loyal neighborhood customer base, and close proximity to downtown Ithaca, Cornell University, Ithaca Falls, and surrounding residential communities. This inviting restaurant space is filled with character and natural light, featuring expansive windows throughout that create a bright, warm, and welcoming dining atmosphere for guests year-round. The thoughtfully designed layout accommodates both casual dining and upscale service concepts, making it suitable for a wide variety of culinary and hospitality uses. The property includes a fully equipped commercial kitchen with ample prep and cooking space, along with a full-service bar area ideal for cocktails, wine service, craft beverages, or an expanded hospitality program. Whether continuing an existing restaurant operation or launching a new concept, the infrastructure is already in place for a smooth transition. One of the property?s standout features is the abundance of outdoor seating options. Guests can enjoy charming front patio seating that enhances street presence and visibility, as well as a spacious rear outdoor dining area perfect for private gatherings, seasonal events, live music, or relaxed al fresco dining. These outdoor spaces significantly expand seating capacity and contribute to the lively neighborhood atmosphere Fall Creek is known for.

Additional features include valuable off-street parking ? a rare convenience in Ithaca ? providing easy access for customers, staff, deliveries, and catering operations. The highly visible location offers excellent signage opportunities and benefits from steady pedestrian and vehicle traffic throughout the day and evening.

Location

State NY

County Tompkins

Area Ithaca-City-500700

Zoning R2

Rooms

Basement None

Interior

Heating Gas, Heat Pump, Forced Air

Cooling Heat Pump

Flooring Concrete

Inclusions Equipment, Land, Building and Business

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Flat,Membrane,Rubber

Handicap Access No Stairs, Accessible Doors, Accessible Entrance

Total Parking Spaces 20

Building

Lot Description Rectangular, Rectangular Lot

Building Description Block,Concrete,Wood Siding, Floor Drain(s),Office,Public Restrooms,Shelving

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block,Concrete,Wood Siding

Construction Status Existing

Schools

Elementary Schools Fall Creek Elementary

School District Ithaca

Others

Tax ID 500700-012-000-0002-002-000-0000

Security Features Fire Sprinkler System

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Warren Real Estate of Ithaca Inc. (Downtown) 585-802-7827

NEARBY SCHOOLS & PROPERTIES

Celeste Greiner
Celeste Greiner

Broker Associate | License ID: 10301219405

+1(315) 430-0030 | celeste.ccgrealty@gmail.com

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202 E Falls ST