Dorm Hotel and Student
For Sale
Contact for pricing
518 Stewart Ave, Ithaca, NY 14850
31-room dorm hotel with accompanying student housing unit, recently renovated, adjacent to Cornell University.
Property SizeContact for details
Days on Market144
Property Features for 518 Stewart Ave
General Information
Standard status
Active
Property subtype
Hospitality
Additional Details
Business Included
Yes
Building Details
Year Built
1947
Listing Agency:
JLL - New York City, New York
Listed By:
Philip White · License #6501423598
(248) 798-0105
Source:
Crexi
Added: Apr 17
Changed: Aug 13
Last Checked: Sep 6 at 11:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - New York City, New York
Investment Insights
Based on property information with market context.
The offering includes a 31-room Dorm Hotel along with an accompanying student housing unit (collectively, the “Property”). The hotel and student housing components have recently been renovated, providing updated guest and resident accommodations within a purpose-aligned dorm-style setup.
The Property is positioned directly adjacent to Cornell University in Ithaca, New York. JLL notes that local zoning prohibits new hotel construction this close to campus, creating a permanent supply barrier. The remarks also cite Cornell’s nearly 27,000-student enrollment and year-round academic and events calendar as a consistent transient demand base, supplemented by a growing healthcare sector anchored by Centralus Health (a 6,000-employee system formed in 2025). The broader market context provided includes RevPAR growth of 23% above 2019 levels with no new supply in the pipeline.
The Property is positioned directly adjacent to Cornell University in Ithaca, New York. JLL notes that local zoning prohibits new hotel construction this close to campus, creating a permanent supply barrier. The remarks also cite Cornell’s nearly 27,000-student enrollment and year-round academic and events calendar as a consistent transient demand base, supplemented by a growing healthcare sector anchored by Centralus Health (a 6,000-employee system formed in 2025). The broader market context provided includes RevPAR growth of 23% above 2019 levels with no new supply in the pipeline.
Key Highlights
- 31‑room dorm hotel with an accompanying student housing unit, recently renovated
- Adjacent to Cornell University
- Year built: 1947
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 14850, NY
69,271
Population
31,772
Households
2.2
Avg Household Size
29
Median Age
72%
College-Educated
96%
High-School Grad
124.8 sq mi
ZIP Area
555
Density / Sq Mi
$69,689
Median Household Income
$36,115
Median Earnings
$1,446
Median Rent
$334,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - 31-room dorm hotel with accompanying student housing unit, recently renovated, adjacent to Cornell University.
Where is this hotel located?
The property is located at 518 Stewart Ave Ithaca, NY.
What are key features of this property?
This property features: 31‑room dorm hotel with an accompanying student housing unit, recently renovated; Adjacent to Cornell University; Year built: 1947
