The former Lansing Market site has been sold to a Massachusetts-based real estate firm, according to The Ithaca Voice. The 14,000-square-foot building on North Triphammer Road sold for $1.25 million and is now owned by Charlesbank Realty Group, whose leaders have roots in the Ithaca area.
While the lease isn’t finalized, Charlesbank is prepping the space for a single tenant with interior demolition and exterior upgrades underway. The firm plans to announce details once the deal is signed. The site’s flexible zoning allows for retail, service, and light industrial uses.
Vacant since 2022, the building sits at a busy crossroads with growing commercial development. Charlesbank says the project fits well into its strategy to revitalize underused spaces across its regional portfolio.
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