$5,525,000
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9,676 SqFt
SOLD DATE : 07/22/2025
Key Details
Sold Price $5,525,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,676 sqft
Price per Sqft $571
MLS Listing ID R1572069
Sold Date 07/22/25
Construction Status Existing
HOA Y/N No
Year Built 1968
Lot Size 8,590 Sqft
Acres 0.1972
Lot Dimensions 60X142
Property Description
Once in a lifetime opportunity in the heart of Cornell University's College town in Ithaca, NY. This prime development site is located within the MU-2 zone which allows for building height of 6 stories with 100% lot coverage and no parking requirements- potential to develop over 47,000SF on this site! Hotel, Student housing/apartments, condo and mixed use are all allowed along with numerous other options. Ithaca New York is an Ivy League college town that boast two major universities with over 30,000 students and has a population of over 100,000. Ithaca is also home to bio-tech manufacturing, regional hospital as well as several local community colleges. Located 4 hours from NYC, 3 hours from Albany, 2.5 hours from Buffalo and 1 hour from Syracuse. Property is being offered through a sealed bid process, all bids are due by 04/10/25. Contact listing agent for details and documents for sealed bid process.
Location
State NY
County Tompkins
Area Ithaca-City-500700
Zoning MU-2
Direction College Ave between Dryden Rd and Cook St. East side of the road.
Interior
Heating Gas, Forced Air
Fireplace No
Exterior
Utilities Available Sewer Connected
Roof Type Membrane,Rubber
Total Parking Spaces 5
Building
Story 4
Sewer Public Sewer
Structure Type Brick,Masonry,Concrete
Construction Status Existing
Schools
Elementary Schools Belle Sherman
School District Ithaca
Others
Tax ID 500700-064-000-0010-017-002-0000
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Howard Hanna S Tier Inc








