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Ithaca, OH High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Ithaca, Ohio Market population: 30K. Compare commercial properties across all major asset classes with...

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⭐ Featured

Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code

$1,200,000
Oakland Multifamily

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Avg Property Tax Rate For Ithaca NY Properties: 2.8600%

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High-Cap-Rate Value-Add Multifamily Investment in Oakland

$2,299,999
Oakland Multifamily

Discover a compelling value-add opportunity in Oakland’s vibrant real estate market. This six-unit multifamily propert...

Cap Rate 7.97%
NOI $183,323
Size 6,104 SF

Investor Questions For Ithaca NY

Common questions from investors exploring commercial real estate in Ithaca NY.

What is the overall investment potential of Ithaca, NY, considering its demographic and economic factors? +
Ithaca's 39.0% poverty rate and $28,760 median household income suggest a challenging market, but the 95.2% health insurance coverage and 15-minute average commute time indicate a relatively stable population with access to employment opportunities, making it a potential investment target for affordable housing or rental properties catering to the city's diverse population, including 24.1% foreign-born residents and a mix of White, White Non-Hispanic, and Asian ethnicities.
How does the city's industry and employment landscape impact real estate investment? +
The top industries in Ithaca, including Transportation & Warehousing, Wholesale Trade, and Manufacturing, contribute to the employed population of 12,887, which, combined with the 27.0% homeownership rate, suggests a rental market with potential for growth, especially considering the relatively low median property value of $193,700 and median property taxes of $2,677, making it an attractive option for investors looking to capitalize on the city's economic activity.
What role does ethnic diversity play in shaping the local real estate market? +
Ithaca's diverse population, with top ethnicities including White, White Non-Hispanic, and Asian, contributes to a vibrant cultural scene, which can attract businesses, students, and professionals, thereby increasing demand for housing and potentially driving up property values, especially in areas with high walkability and access to amenities, as indicated by the 34.6% of residents who walk to work.
How do quality of life metrics, such as commute time and health insurance coverage, influence the stability of the real estate market? +
The city's 15-minute average commute time and 95.2% health insurance coverage rate suggest a high level of quality of life, which can contribute to a stable and attractive real estate market, as residents are more likely to prioritize living in areas with easy access to employment, education, and healthcare, thereby supporting demand for housing and potentially reducing vacancy rates, especially in properties with convenient locations and amenities.
What are the implications of the city's poverty rate and income inequality for real estate investors? +
Ithaca's 39.0% poverty rate and 0.575 GINI coefficient indicate significant income inequality, which can impact the affordability and accessibility of housing for low-income residents, suggesting a need for investors to consider affordable housing options or community development projects that address these disparities, while also taking into account the potential for rental income and property appreciation in a city with a strong demand for housing and a growing population of students and professionals.

Ithaca NY Real Estate & City Facts

Key facts and real estate information about Ithaca NY.

What are some of the best neighborhoods to live in Ithaca? +
Some of the best neighborhoods to live in Ithaca include East Hill, Fall Creek, Belle Sherman, and Cayuga Heights. Each neighborhood has its own unique character, with East Hill being known for its steep streets and incredible views, Fall Creek being a quieter area, and Belle Sherman and Cayuga Heights offering a more suburban feel. Ultimately, the best neighborhood for you will depend on your personal preferences and priorities.
What are some fun things to do in Ithaca? +
Ithaca has a wide range of activities to suit all interests. For outdoor enthusiasts, there's hiking in Robert Treman State Park, Buttermilk Falls State Park, and Taughannock Falls State Park. If you're looking for something more low-key, you can explore the Downtown Ithaca Commons, visit the Cornell University campus, or check out the local art scene. And if you're interested in something truly unique, be sure to visit the Moosewood Restaurant, the Wilder brain collection, or the Harry Potter Library on the Cornell campus.
What is the food scene like in Ithaca? +
Ithaca has a thriving food scene with a variety of restaurants to choose from. Some popular spots include The Boatyard Grill, Moosewood Restaurant, Maxie's Supper Club and Oyster Bar, and the Ithaca Ale House. You can also find great food at the Downtown Ithaca Commons, which has over 50 places to eat, including coffee shops, pubs, and upscale dining establishments. And if you're looking for something new and exciting, be sure to check out the Food Lab, which experiments with bold flavors and ingredients.
What are the pros and cons of living in Ithaca? +
Living in Ithaca has its pros and cons. On the plus side, Ithaca is a beautiful city with a strong sense of community, a thriving arts and cultural scene, and plenty of opportunities for outdoor recreation. However, it can also be quite expensive, especially when it comes to housing, and the weather can be quite cold and snowy in the winter. Additionally, some areas of the city can be quite hilly, which may be a challenge for those with mobility issues. Ultimately, whether or not Ithaca is a good fit for you will depend on your individual priorities and preferences.
Is Ithaca a good place to live? +
Ithaca is a great place to live for those who value a strong sense of community, a thriving arts and cultural scene, and plenty of opportunities for outdoor recreation. While it can be quite expensive, especially when it comes to housing, the city's unique character and natural beauty make it a desirable place to call home. With its many neighborhoods to choose from, each with its own unique character, Ithaca has something to offer for everyone. So if you're looking for a place to live that's a little bit quirky, a little bit charming, and a whole lot of fun, Ithaca might be the perfect fit for you.
⭐ Featured

Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Apartment Building

Presenting a high-yield investment opportunity at 5476 Vicente Way in Oakland's sought-after Temescal neighborhood. This...

Cap Rate 7.97%
NOI $183,300
Size 0 SF

📊 Average Income For Ithaca NY Commercial Property: $28,760

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⭐ Featured

Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Multifamily

Discover a compelling investment opportunity at 5476 Vicente Way in Oakland's vibrant Temescal neighborhood. This well-m...

Cap Rate 7.97%
NOI $183,324
Size 0 SF
⭐ Featured

Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
⭐ Featured

New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF
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Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate

$30,000,000
Valley Village Multifamily

Discover a prime multifamily investment opportunity in the desirable Valley Village neighborhood of Los Angeles County....

Cap Rate 3.39%
NOI $1,017,000
Size 52,393 SF
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Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF
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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000
Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %
NOI $0
Size 30,000 SF
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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF
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