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309 College Ave Ithaca, NY 14850

Sponsored
For Sale
$4,750,000

Prime Cornell location, 47,000+ SF potential

Property size:
9,676 SF

Description

Added:
Feb 3, 2025
Days on Market:
341
This exceptional 9,676 square foot commercial property presents a rare development opportunity in the heart of Ithaca, NY's vibrant Collegetown, situated near Cornell University. The 0.2-acre lot is zoned MU-2, permitting a remarkable six-story building with 100% lot coverage and no mandated parking requirements. This translates to a potential buildable area exceeding 47,000 square feet, offering unparalleled flexibility for a diverse range of projects. Envision a hotel, student housing, apartments, condominiums, or a mixed-use development—all are permissible uses within this zoning designation. Ithaca's thriving community boasts a population exceeding 100,000, fueled by two major universities with a combined student body of over 30,000. The city's robust economy includes a significant biotech manufacturing sector, a regional hospital, and several community colleges. Its strategic location offers convenient access to major metropolitan areas: four hours from New York City, three hours from Albany, two and a half hours from Buffalo, and one hour from Syracuse. This property is being offered via a sealed bid process

Property Features for 309 College Ave

General Information

Property type
Other commercial real estate
Square Feet
9,676 SF
Lot Size
8,712 SF

Building Details

Year Built
1968

Property Profile Location Intelligence

Current Use by Public Records

Ithaca Fire Department ... Fire Station

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Ithaca
County
Tompkins
State
New York
Longitude
-76.48482
Latitude
42.44085

FAQs

What type of property is this?
Commercial real estate - Prime Cornell location, 47,000+ SF potential
Where is this commercial real estate located?
The property is located at 309 College Ave Ithaca, NY.
What is the asking price?
The asking price for this property is $4,750,000.
More about this property
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