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About This Home

This 0-bedroom, 0-bathroom commercial at 202 E Falls Street in Ithaca, NY is listed for $595,000 ($269 per sqft). Built in 1985, the home offers 2,214 sqft of living space on a N/A lot.

Agent 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.

Key Features

  • Built in 1985
  • 20 parking spaces

Property Details

1 story
20 spaces
1985

Amenities

A/C

Monthly Cost Estimate

$3,182/mo

20% down · 6.5% · 30 years

Principal$430
Interest$2,578
Insurance$174

Estimates only. Actual payments may vary.

Location

202 E Falls Street

Ithaca, NY 14850

Property Details

Flooring

Concrete

Construction

Block Concrete WoodSiding

Parking

Paved or Surfaced

Heating

Natural GasForced AirHeat Pump (Heating)

Cooling

Heat Pump

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 202 E Falls Street is listed at $595,000 ($269/sqft). The estimated monthly payment is $2,578 based on 20% down at 6.5% interest.

Key features include: Built in 1985, 20 parking spaces.

This property is listed by Andrew Schreck and can be reached at 5858027827 or schreckypropertyfinder@gmail.com.

AS

Andrew Schreck

Agent at Warren Real Estate of Ithaca Inc. (Downtown)

(585) 802-7827

Listed by Warren Real Estate of Ithaca Inc. (Downtown)

MLS# R1685918· Source: listhub· Updated 4 days ago

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

202 E Falls Street, Ithaca, NY 14850

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