# 202 E Falls Street, Ithaca, NY 14850 > **TL;DR:** commercial, $595,000 ($269/sqft), built 1985, 2,214 sqft. > A/C. Est. $3,183/mo. Listed 112 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $595,000 | | Price/sqft | $269 | | Square Feet | 2,214 | | Year Built | 1985 | | Stories | 1 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 112 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,009 | | Estimated Insurance | $174 | | **Total** | **$3,183** | ## Nearby Schools - **Elementary:** Fall Creek Elementary ## Key Amenities - A/C ## Property Highlights - Built in 1985 - 20 parking spaces ## Description ### 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. ## Location - **Address:** 202 E Falls Street, Ithaca, NY 14850 - **County:** Tompkins - **Coordinates:** 42.452941, -76.497273 - **Google Maps:** https://www.google.com/maps?q=42.452941,-76.497273 ## Listing Agent - **Name:** Andrew Schreck · **License:** 10401361299 - **Brokerage:** Warren Real Estate - **Phone:** 5858027827 - **Broker Phone:** (607) 257-0666 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/BNARNY/R1685918/?channel=propsimple) ## Photos ![202 E Falls Street - Photo 1](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f3127951211r.jpg) ![202 E Falls Street - Photo 2](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f3874055700r.jpg) ![202 E Falls Street - Photo 3](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f2515748524r.jpg) ![202 E Falls Street - Photo 4](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f3875365692r.jpg) ![202 E Falls Street - Photo 5](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f4002736578r.jpg) ![202 E Falls Street - Photo 6](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f2134495687r.jpg) ![202 E Falls Street - Photo 7](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f1530488878r.jpg) ![202 E Falls Street - Photo 8](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f1559658773r.jpg) ![202 E Falls Street - Photo 9](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f2674813852r.jpg) ![202 E Falls Street - Photo 10](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f2450692657r.jpg) ![202 E Falls Street - Photo 11](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f595279202r.jpg) ![202 E Falls Street - Photo 12](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f1000397964r.jpg) ![202 E Falls Street - Photo 13](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f4156295110r.jpg) ![202 E Falls Street - Photo 14](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f1147205713r.jpg) ![202 E Falls Street - Photo 15](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f1940059824r.jpg) ![202 E Falls Street - Photo 16](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f628163982r.jpg) ![202 E Falls Street - Photo 17](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f775067709r.jpg) ![202 E Falls Street - Photo 18](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f260531186r.jpg) ![202 E Falls Street - Photo 19](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f402763628r.jpg) ![202 E Falls Street - Photo 20](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f1116750606r.jpg) ![202 E Falls Street - Photo 21](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f1315320288r.jpg) ![202 E Falls Street - Photo 22](http://lh.rdcpix.com/5dec200dbf278afb35ebcf832ed71dcfl-f1868374062r.jpg) --- **MLS#:** R1685918 | **Updated:** 2026-05-29 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/202-e-falls-street-ithaca-ny-14850-r1685918) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/202-e-falls-street-ithaca-ny-14850-r1685918#listing", "url": "https://www.propertysimple.ai/listing/202-e-falls-street-ithaca-ny-14850-r1685918", "name": "202 E Falls Street, Ithaca, NY 14850", "description": "Rare opportunity to own or lease a beautifully established restaurant property in the heart of Ithaca?s sought-after Fall Creek neighborhood. 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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. 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