The Shops at Ithaca Mall

40 Catherwood Rd, Ithaca, NY 14850

Property Information

  • For Lease Contact for pricing
  • Property Type Retail - Street Retail
  • Property Size 622,822 SF
  • Units 123
  • Lot Size 20.53 Acre
  • Building Class B
  • Year Built 1990
  • Date Updated Aug 4, 2026

Description

The Shops at Ithaca Mall is the premier regional retail destination in the Finger Lakes. Located at the junction of NYS Route 13 and North Triphammer Road, it serves Tompkins and Cortland Counties and the broader Finger Lakes and Southern Tier region. Originally developed by The Pyramid Companies in 1976 as one of their three founding pioneer malls, this property is the only one of those original three still operating as an enclosed mall today. The other two were demolished. Nearly 50 years later, this building is still standing, still structurally sound, still architecturally distinct, and ready for its next chapter. With 622,822 SF of total GLA, a 74% occupancy rate, and a trade area anchored by over 31,000 Cornell University and Ithaca College students plus a strong year-round regional consumer base, this property offers a rare combination of scale, stability, and genuine upside. Current anchors include Target, Best Buy, Regal Cinemas, Michaels, and two Cayuga Health centers. This is not a property in decline. It is a structurally sound, architecturally distinct regional center with beautiful tile corridors, soaring ceilings, dramatic skylights, and quality bones that most new construction can't replicate at any price. A handful of large vacant spaces in an otherwise active center, in a market where demand for quality retail, restaurant, and entertainment space clearly outpaces the supply currently available locally.

Highlights

  • Anchored by Target, Best Buy, Regal Cinemas, Michaels, and Cayuga Health
  • Annual Average Daily Traffic: 32,367 to 44,579 vehicles at the main entrance
  • Distinctive original architecture and quality infrastructure throughout
  • Free parking with high capacity
  • Ideal uses: national and regional retailers, restaurant and food concepts, family entertainment, medical and wellness, specialty retail, and experiential uses
  • Located at the signalized intersection of NYS Route 13 and North Triphammer Road
  • Recent organic social media interest in the listing reflects strong local demand
  • TCAT Route 30 bus service every 30 minutes from 6am to 10:30pm, direct from Cornell and downtown Ithaca
  • The only enclosed regional mall in Tompkins County
  • Year-round enclosed mall, not seasonal

31 Spaces Available

01A

Space Type

Regional Mall

Lease Rate

Contact for pricing

Total Space

18,798 SF

Divisible Space

18,798 - 18,798 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

A03

Space Type

Regional Mall

Lease Rate

Contact for pricing

Total Space

2,626 SF

Divisible Space

2,626 - 2,626 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

A07

Space Type

Regional Mall

Lease Rate

Contact for pricing

Total Space

1,500 SF

Divisible Space

1,500 - 1,500 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

B06

Space Type

Regional Mall

Lease Rate

Contact for pricing

Total Space

4,518 SF

Divisible Space

4,518 - 4,518 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

B07

Space Type

Regional Mall

Lease Rate

Contact for pricing

Total Space

3,500 SF

Divisible Space

3,500 - 3,500 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

Contacts

Location

Located at 40 Catherwood Rd, Ithaca, NY 14850, this property is part of the Lansing neighborhood.

Contact Listing Broker
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