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
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.
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