Welcome to 119 Third Street, a striking Tudor-style property offering exceptional scale, architectural presence, and flexibility in a prime downtown Ithaca location. Rich in historic detail and thoughtfully configured, this rare multi-use building presents a compelling opportunity to acquire a property with substantial existing infrastructure and broad future potential. At the heart of the property is the expansive four-unit Lodge, encompassing over 11,000 square feet of space. The Lodge features a warm and welcoming lobby anchored by a wood stove, custom woodwork, leaded glass windows, and a central staircase that beautifully reflects the building’s Tudor character. Common areas include a generous gathering hall with 18-foot ceilings, hardwood floors, and abundant natural light. The community dining space can seat a multitude of people, serviced by two fully outfitted commercial kitchens in addition to a shared residential kitchen—an infrastructure rarely found in properties of this type. Beyond the Lodge, the property is further enhanced by approximately 6,720± square feet of heated, clear-span storage space, featuring commercial loading access through an oversized door. This versatile area is well suited for storage, operations, or adaptive reuse, subject to approvals. An additional 500± square feet of previously approved commercial space—historically permitted for a small tea-packing business—adds further flexibility to the site. The property benefits from ample off-street parking, historically documented at approximately 30 parking spaces, significantly enhancing usability for residential, commercial, or mixed-use applications. Ideally located just minutes from downtown Ithaca, the Commons, and major employers, 119 Third Street offers a rare combination of scale, location, zoning context, and architectural integrity. Whether maintained as a multi-unit residential property, repositioned as an investment asset, or explored for permitted mixed-use opportunities through the City’s review process, 119 Third Street stands as a truly rare offering—defined by architectural significance, legal clarity, and exceptional adaptability.