Thomas Farm Bed & Breakfast

Ithaca, New York

Asking Price: USD $700,000
Guest Rooms: 5    5
Owners Quarter: 1    1

Property Overview

Built in 1850 and passed down through generations of the Thomas family, this historic estate became a Bed & Breakfast in 1988. Purchased by the current owners in 2018. Spanning over 20 acres, the property features a lush grassy yard, a large pond, a restored 1800s barn, and the Caroline Wetlands—complete with an observation deck for enjoying the area's abundant wildlife.

Welcome to Thomas Farm Bed & Breakfast, a well-established business and excellent investment opportunity located at 136 Thomas Road in Ithaca, NY. This charming B&B offers the perfect balance of easy access to Ithaca and the serene beauty of the Finger Lakes. Its convenient location makes it ideal for guests to visit Ithaca's main attractions while still enjoying the tranquility of a historic country setting. The property features private owners quarters and five beautifully appointed rooms, each offering special touches to ensure a comfortable and memorable stay. The warm and welcoming atmosphere at Thomas Farm reflects the care and attention to detail that the owners invest in each guest's experience. This successful B&B has earned rave reviews from its guests, making it a desirable investment opportunity. Don't miss the chance to own this charming piece of Ithaca's hospitality industry.

About the Owner's Quarters

The owner’s quarters are attached to the B&B and include a private one-bedroom suite with a living room, a spacious walk-in closet, and a full bathroom. A hallway on both floors separates the owner’s space from the main B&B, ensuring privacy while maintaining convenience.

Features:
  • Has a Barn Barn
  • Is Historic Historic
Lifestyle:
  • Nearby Winery / Brewery Winery
  • Close to Fishing Fishing
  • Includes a Restaurant Golf
  • Near Horses Horse
  • Near Skiing Ski
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Business Description:

Thomas Farm Bed & Breakfast is a cherished historic estate that has welcomed guests since 1988. Set on over 20 scenic acres, this thriving B&B offers a unique blend of charm, history, and modern comfort. The current owners have poured their passion into creating a warm and inviting experience for guests, maintaining the property with care and dedication. Financials are available upon request with a signed NDA. See terms of sale for more details.

Terms of Sale:

The property is listed at $700,000, with additional costs for the business, furniture, and a separate building lot: Business: +$50,000 Furniture & Equipment: +$35,000 Separate 2.77 acre Building Lot: +$85,000 (survey attached to clarify division of the 25.95-acre parcel) Total package available for $870,000, or purchase options can be discussed. Don’t miss this chance to step into a fully operational, beautifully maintained hospitality business!

Valuation & Mortgage Calculator:
30 Years Fixed
n/a % Interest
  • Loan Amount
  • Principle and Interest
  • Cash Flow
  • DSCR $0
  • Cap Rate $0
  • ROI $0
Listed By
Kathleen Seaman (Listing Agent)
  6072803339
Warren Real Estate

Sq Ft:

4,070

Acres:

24

Year Built:

1850

Years in Business:

37
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Financial Overview

Asking Price:

USD $700,000

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