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    228 Dryden Rd Ithaca, NY 14850

    For Sale
    $1,900,000

    COMMERCIAL - Ithaca, NY

    Property size:
    21,717 SF
    Lot size:
    0.19 Acres
    Days on Market:
    374
    Last Refresh:
    Dec 11 at 1:06 am

    Property Features for 228 Dryden Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-3a
    APN
    64.-2-19
    Size
    21,717 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Natural Gas

    Warren Real Estate (607) 257-0666 [email protected]

    Listing agent Garrett Venuto (607) 257-0666 License #10401360100

    Listing date Dec 3, 2024

    Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Collegetown Development Opportunity

    This property is an investment opportunity in the heart of Cornell University's Collegetown. It is a fully entitled and shovel-ready project, offering development land situated blocks from Cornell Campus. The property allows for a 5-story development encompassing 21,717 square feet. It features 35 beds across 35 units. The lot size is 0.19 acres. This project presents an attractive prospect for investors seeking to capitalize on the dynamic Collegetown market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing 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
    -76.483584
    Latitude
    42.441797

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    FAQs

    What type of property is this?
    Commercial land - Shovel-ready multi-unit development project near Cornell University.
    Where is this commercial land located?
    The property is located at 228 Dryden Rd Ithaca, NY.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Cornell University's Collegetown.; - Shovel-ready project with full entitlements.; - Development opportunity for a 5-story building.
    (607) 257-0666
    Request Owner's contact information
    228 Dryden Rd Ithaca, NY 14850
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    Ithaca, NY 14850
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    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
    228 Dryden Rd Ithaca, NY 14850
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