benny.estate
For SaleMLS # R168591812 days on market

202 Falls Street

Ithaca, NY 14850 · Tompkins County

Price

$595,000

Bed / Bath

Interior

2,214 sqft

Built

1985

About this home

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.

Mechanical

Heating

Gas, Heat Pump, Forced Air

Cooling

Heat Pump

Schools

District

Ithaca

Elementary

Fall Creek Elementary

Tax & finance

Annual taxes

$11,764

Financing

Cash · Conventional

Location

Ithaca, NY 14850 · Tompkins County

MLS Attribution

Listing courtesy of Warren Real Estate of Ithaca Inc. (Downtown). Listing agent: Andrew Schreck. Data last updated 6/9/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.