# 615 Five Mile Drive, Ithaca, NY 14850 > **TL;DR:** commercial, $425,000 ($51/sqft), built 1975, 8,374 sqft. > Waterfront, A/C. Est. $2,273/mo. Listed 284 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $425,000 | | Price/sqft | $51 | | Square Feet | 8,374 | | Year Built | 1975 | | Lot Size | 19,166 sqft (0.44 acres) | | Stories | 1 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 284 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,149 | | Estimated Insurance | $124 | | **Total** | **$2,273** | ## Nearby Schools - **Elementary:** Cayuga Heights Elementary - **Middle:** Boynton Middle - **High:** Ithaca Senior High ## Key Amenities - Waterfront - A/C ## Property Highlights - Built in 1975 - 0.44 acre lot - 25 parking spaces - Waterfront ## Description ### Agent Description Rare multi-building commercial property in the Town of Ithaca featuring three versatile structures, strong operational functionality, and significant redevelopment potential. Situated on 2.00 acres with scenic creek and inlet frontage (0.47 acres under NYS permanent easements), this site offers approximately 8,400 sq ft across an office building, clear-span warehouse, and heated garage/workshop with additional office space and attic storage. The 1,524 sq ft office building includes two reception areas, three private offices, a break room, storage, and two bathrooms. The 3,650 sq ft metal-frame warehouse provides a wide-open interior ideal for trades, fabrication, storage, or logistics. The 3,200 sq ft garage/office hybrid offers three overhead doors, a heated shop with oil-separation system, workshop and storage areas, one bathroom, an office section, and attic storage above. Parking for 25+ vehicles supports contractors, service fleets, and multi-tenant operations. This property is especially well-suited for contractors needing fleet parking, warehouse space, offices, and operational flexibility. Rents could be approximately $2,500/month or more because the owner's business occupies a substantial portion of the property; stabilized income is projected at $8,000-$10,000/month based on market rents. High demand in Ithaca for warehouse, trades bays, industrial shop space, contractor facilities, and redevelopment opportunities makes this a strong value-add investment. Located adjacent to the new Amabel residential development within an active growth corridor, with convenient access to downtown Ithaca, Cornell, and major routes. Property may also offer potential for future residential conversion or redevelopment opportunities, subject to municipal approvals. A rare opportunity offering operational versatility, income upside, redevelopment potential, and a commercial setting seldom available in this market. ## Location - **Address:** 615 Five Mile Drive, Ithaca, NY 14850 - **County:** Tompkins - **Coordinates:** 42.427159, -76.523537 - **Google Maps:** https://www.google.com/maps?q=42.427159,-76.523537 ## Listing Agent - **Name:** Jody Saunders · **License:** 10401275949 - **Brokerage:** RealtyUSA.com - **Phone:** 6077427301 - **Broker Phone:** (607) 287-8439 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/BNARNY/R1653936/?channel=propsimple) ## Photos ![615 Five Mile Drive - Photo 1](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f518239974r.jpg) ![615 Five Mile Drive - Photo 2](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f3011760381r.jpg) ![615 Five Mile Drive - Photo 3](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f3058123561r.jpg) ![615 Five Mile Drive - Photo 4](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f4028213406r.jpg) ![615 Five Mile Drive - Photo 5](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f4258590120r.jpg) ![615 Five Mile Drive - Photo 6](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f284712652r.jpg) ![615 Five Mile Drive - Photo 7](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f1786555311r.jpg) ![615 Five Mile Drive - Photo 8](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f3410198963r.jpg) ![615 Five Mile Drive - Photo 9](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f3387019989r.jpg) ![615 Five Mile Drive - Photo 10](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f1770797844r.jpg) ![615 Five Mile Drive - Photo 11](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f3272133085r.jpg) ![615 Five Mile Drive - Photo 12](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f3561344900r.jpg) ![615 Five Mile Drive - Photo 13](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f442331257r.jpg) ![615 Five Mile Drive - Photo 14](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f3230390623r.jpg) ![615 Five Mile Drive - Photo 15](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f3230390623r.jpg) ![615 Five Mile Drive - Photo 16](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f1323253657r.jpg) ![615 Five Mile Drive - Photo 17](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f1106018534r.jpg) ![615 Five Mile Drive - Photo 18](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f2936935157r.jpg) ![615 Five Mile Drive - Photo 19](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f857113994r.jpg) ![615 Five Mile Drive - Photo 20](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f367831585r.jpg) ![615 Five Mile Drive - Photo 21](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f3886114716r.jpg) ![615 Five Mile Drive - Photo 22](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f2003606161r.jpg) ![615 Five Mile Drive - Photo 23](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f400834348r.jpg) ![615 Five Mile Drive - Photo 24](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f1373029943r.jpg) ![615 Five Mile Drive - Photo 25](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f1612049510r.jpg) ![615 Five Mile Drive - Photo 26](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f2381877532r.jpg) ![615 Five Mile Drive - Photo 27](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f2485832851r.jpg) ![615 Five Mile Drive - Photo 28](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f2254761946r.jpg) ![615 Five Mile Drive - Photo 29](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f32527377r.jpg) ![615 Five Mile Drive - Photo 30](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f2937821554r.jpg) ![615 Five Mile Drive - Photo 31](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f3884892822r.jpg) ![615 Five Mile Drive - Photo 32](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f3919558865r.jpg) ![615 Five Mile Drive - Photo 33](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f1560314683r.jpg) ![615 Five Mile Drive - Photo 34](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f2686035679r.jpg) ![615 Five Mile Drive - Photo 35](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f3473886278r.jpg) ![615 Five Mile Drive - Photo 36](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f2568557593r.jpg) ![615 Five Mile Drive - Photo 37](http://lh.rdcpix.com/4a11a2f30ee977ddc6a0a4ee5d7ed7a0l-f3614818379r.jpg) --- **MLS#:** R1653936 | **Updated:** 2026-09-17 **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/615-five-mile-drive-ithaca-ny-14850-r1653936) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/615-five-mile-drive-ithaca-ny-14850-r1653936#listing", "url": "https://www.propertysimple.ai/listing/615-five-mile-drive-ithaca-ny-14850-r1653936", "name": "615 Five Mile Drive, Ithaca, NY 14850", "description": "Rare multi-building commercial property in the Town of Ithaca featuring three versatile structures, strong operational functionality, and significant redevelopment potential. Situated on 2.00 acres with scenic creek and inlet frontage (0.47 acres under NYS permanent easements), this site offers approximately 8,400 sq ft across an office building, clear-span warehouse, and heated garage/workshop with additional office space and attic storage. The 1,524 sq ft office building includes two reception areas, three private offices, a break room, storage, and two bathrooms. The 3,650 sq ft metal-frame warehouse provides a wide-open interior ideal for trades, fabrication, storage, or logistics. The 3,200 sq ft garage/office hybrid offers three overhead doors, a heated shop with oil-separation system, workshop and storage areas, one bathroom, an office section, and attic storage above. Parking for 25+ vehicles supports contractors, service fleets, and multi-tenant operations. This property is especially well-suited for contractors needing fleet parking, warehouse space, offices, and operational flexibility. Rents could be approximately $2,500/month or more because the owner's business occupies a substantial portion of the property; stabilized income is projected at $8,000-$10,000/month based on market rents. High demand in Ithaca for warehouse, trades bays, industrial shop space, contractor facilities, and redevelopment opportunities makes this a strong value-add investment. Located adjacent to the new Amabel residential development within an active growth corridor, with convenient access to downtown Ithaca, Cornell, and major routes. Property may also offer potential for future residential conversion or redevelopment opportunities, subject to municipal approvals. 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