Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    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

    Nearby Similar for Sale

    • $975,000
      Pending

      Three Houses in Downtown Ithaca

      Three single-family homes near The Commons, ideal for multi-generational living.
      S Aurora St, Ithaca, NY 14850
      View Details
    • $4,500,000
      13,969 SF

      Hillendale Golf Course Estate Retreat

      141-acre golf course estate near Ithaca with development potential.
      218 N Applegate Rd, Ithaca, NY 14850
      View Details
    • $949,000
      13,248 SF

      Historic Inn and Restaurant

      Turn-key historic inn and restaurant in the Finger Lakes region.
      2075-79 East Shore Dr, Lansing, NY 14882
      View Details
    • $1,000,000
      4,283 SF

      Collegetown Multi-Family Investment Opportunity

      Prime Collegetown multi-family property near Cornell University with investment potential.
      411 Dryden Rd, Ithaca, NY 14850
      View Details
    • $1,250,000
      3,997 SF

      Collegetown Multifamily Investment Opportunity

      Multifamily property near Cornell University with 16 bedrooms.
      410 Stewart Ave, Ithaca, NY 14850
      View Details
    • $1,750,000
      13,725 SF

      Ithaca Commercial Property with Pool

      Versatile commercial property near downtown Ithaca with unique amenities.
      92 Genung Cir, Ithaca, NY 14850
      View Details
    • $550,000
      2,938 SF

      Downtown Ithaca Versatile Commercial Building

      Classic building in central location, suitable for office or residence.
      411 N Tioga St, Ithaca, NY 14850
      View Details
    • $399,000
      2,190 SF

      Ithaca Duplex Near Cornell

      Well-maintained duplex near Cornell, Ithaca College, and downtown amenities.
      328 W Seneca St, Ithaca, NY 14850
      View Details
    • New
      $2,000,000
      10,193 SF

      Prime Ithaca Commercial Corner Property

      Fully leased commercial property in Ithaca's desirable Fall Creek neighborhood.
      1201-15 N Tioga St, Ithaca, NY 14850
      View Details
    • $418,800
      2,389 SF

      Ithaca Commercial Buildings on Route 13

      Two buildings on Route 13, suitable for office or retail.
      313 N Meadow St, Ithaca, NY 14850
      View Details
    • $479,000
      2,880 SF

      Modern Duplex in Ithaca Town

      Modern duplex built in 2016, convenient to downtown Ithaca.
      131 Birdseye Vw Dr, Ithaca, NY 14850
      View Details
    • $444,000
      Pending

      Ithaca Multifamily with Income Potential

      Ithaca ranch with income-producing apartment near Cayuga Medical Center.
      104 Happy Ln, Ithaca, NY 14850
      View Details

    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.
    (607) 257-0800
    Request Owner's contact information
    309 College Ave Ithaca, NY 14850
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    309 College Ave
    Ithaca, NY 14850
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    309 College Ave Ithaca, NY 14850
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.