119 Third Street, Ithaca, NY 14850
Local realty services provided by:ERA Team VP Real Estate
119 Third Street,Ithaca, NY 14850
$1,500,000
- - Beds
- - Baths
- 18,715 sq. ft.
- Multi-family
- Active
Listed by: karen hollands
Office: howard hanna s tier inc
MLS#:R1659030
Source:NY_GENRIS
Price summary
- Price:$1,500,000
- Price per sq. ft.:$80.15
About this home
Welcome to 119 Third Street, a striking Tudor-style property offering exceptional scale, architectural presence, and flexibility in a prime downtown Ithaca location. Rich in historic detail and thoughtfully configured, this rare multi-use building presents a compelling opportunity to acquire a property with substantial existing infrastructure and broad future potential. At the heart of the property is the expansive four-unit Lodge, encompassing over 11,000 square feet of space. The Lodge features a warm and welcoming lobby anchored by a wood stove, custom woodwork, leaded glass windows, and a central staircase that beautifully reflects the building’s Tudor character. Common areas include a generous gathering hall with 18-foot ceilings, hardwood floors, and abundant natural light. The community dining space can seat a multitude of people, serviced by two fully outfitted commercial kitchens in addition to a shared residential kitchen—an infrastructure rarely found in properties of this type. Beyond the Lodge, the property is further enhanced by approximately 6,720± square feet of heated, clear-span storage space, featuring commercial loading access through an oversized door. This versatile area is well suited for storage, operations, or adaptive reuse, subject to approvals. An additional 500± square feet of previously approved commercial space—historically permitted for a small tea-packing business—adds further flexibility to the site. The property benefits from ample off-street parking, historically documented at approximately 30 parking spaces, significantly enhancing usability for residential, commercial, or mixed-use applications. Ideally located just minutes from downtown Ithaca, the Commons, and major employers, 119 Third Street offers a rare combination of scale, location, zoning context, and architectural integrity.
Whether maintained as a multi-unit residential property, repositioned as an investment asset, or explored for permitted mixed-use opportunities through the City’s review process, 119 Third Street stands as a truly rare offering—defined by architectural significance, legal clarity, and exceptional adaptability....
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Home facts
- Year built:1983
- Listing ID #:R1659030
- Added:43 day(s) ago
- Updated:March 25, 2026 at 02:45 PM
Rooms and interior
- Flooring:Hardwood, Tile, Varies
- Basement:Yes
- Basement Description:Crawl Space
- Living area:18,715 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric, Gas, Hot Water
Structure and exterior
- Roof:Slate, Tile
- Year built:1983
- Building area:18,715 sq. ft.
- Lot Features:Corner Lot, Rectangular, Residential Lot
- Architectural Style:Fourplex
- Construction Materials:Stucco, Wood Siding
- Exterior Features:Deck
- Foundation Description:Stone
- Levels:3 Stories
Schools
- High school:Ithaca Senior High
- Elementary school:Beverly J Martin Elementary
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$1,500,000
- Price per sq. ft.:$80.15
- Tax amount:$34,187
Features and amenities
- Laundry features:Common Area
- Amenities:Deck, Storage
Parking
- Parking description:Gravel Driveway
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