www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28727142
28734866

220-228 S Fulton St, Ithaca, NY 14850

JJ
NY 10301224482
Lama Commercial Real Estate
Listed by Lama Commercial Real Estate
$1,500,000
218 days on market
Updated 6 days ago
Opportunity zone

South Fulton Plaza

Details
Property Type Office, Retail
Sub Type Convenience Store, Medical Office (+1)
Square Footage 6,845
Units 6
Cap Rate 7.53%
NOI $113,000
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Price per SqFt $219
Broker Co-Op Yes
Class B
Year Built 1995
Acreage 0.590
Zoning COM1, WE/WF
Ground Lease No
Sale Condition For sale by owner

Office | 7.53% CAP | 6,845 SqFt

Marketing description

Built in 1995, this well-established retail center has been a cornerstone of the Greater Ithaca community for over 25 years, hosting a roster of successful, long-term tenants. With secure, in-place leases and proven tenant stability, this property offers investors a low-risk, income-generating asset in a highly desirable trade area. Strategically positioned just around the corner from Wegmans, Home Goods, and other national retailers, Fulton Street Plaza enjoys exceptional visibility, easy access, and abundant on-site parking – a rare combination that drives consistent foot traffic and customer convenience. Long-term, creditworthy tenants with established track records further enhance the property’s stability, while its prime corner location in a high-demand retail corridor ensures enduring value. Properties of this caliber rarely come to market. Don’t miss this exceptional opportunity to acquire a stable, cash-flowing asset with immediate value-add potential in one of Ithaca’s most sought-after commercial hubs. Financial Records available upon request and Signing NDA.

Investment highlights

PRIME LOCATION

100% OCCUPIED

>35,000 TRAFFIC COUNT

Around the Corner from Big Box Retailers (Home Goods, Dicks, Wegmans)

Listing Contacts

JJ
NY 10301224482
Lama Commercial Real Estate
Listed by Lama Commercial Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$113,000.00
$9,416.67/mo

Valuation Metrics

0
DSCR
7.53%
Cap Rate
7.53%
ROI

Map

Zoning

Intelligence Badge
WE/WF SpecialWest End Waterfront
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 41 uses
View all 41 uses
Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Jennifer Jones
License
10301224482
Brokerage
Lama Commercial Real Estate
Brokerage Phone
607-651-6535
Title
Associate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591