309 College Ave - Flex FOR SALE


Ithaca, NY 14850
$4,750,000 USD
607-279-8055
309 College Ave, Ithaca, NY for Sale
$4,750,000 USD
Flex - FOR SALE
1/25
null | Request Cap Rate

309 College Ave
Ithaca, NY 14850


HIGHLIGHTS

  • Collegetown Location
  • Potential to develop over 47,000SF on this site! Hotel, Student housing/apartments, condo and mixed use are all allowed along with numerous other opti
  • 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 12/17/24.

OVERVIEW

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 12/17/24. Contact listing agent for details and documents for sealed bid process.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$491 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1968

UTILITIES

Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19

LAND SF

8,276

ZONING

MU-2

APN/PARCEL ID

64.-10-17.2

ASK ABOUT THIS PROPERTY

Richard PattersonHoward HannaMore Info
607-279-8055

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Richard PattersonHoward HannaMore Info
607-279-8055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.