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    Park Ln Ithaca, NY 14850

    Sponsored
    For Sale
    $599,900

    7.7 Acres, Prime Ithaca Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 7.7-acre parcel, situated at 0 Slaterville Road & 0 Park Lane in East Ithaca, NY 14850, presents a remarkable residential development opportunity. Located just outside the city of Ithaca and conveniently close to the Cornell University campus, this property boasts a detailed development plan already in place for a cluster subdivision of 20 homes. The comprehensive plan includes meticulously designed lot sizes, a robust stormwater management program, precise placement of underground utilities, and thoughtfully planned common open areas. Utilities are readily available, with natural gas, water, electric, and sewer services at the street. The property is zoned for medium-density residential development, ensuring a high potential for return on investment. Several established residential neighborhoods, including Eastern Heights and East Hill, surround the property, providing a context of successful community development. The detailed development plan, including specifics on lot sizes, utility placement, and common areas, is available for review. This is a rare chance to acquire a fully-prepared site ready for immediate development in a highly desirable location. Don't miss this opportunity to build a thriving residential community in a prime Ithaca location.

    Property Features for 0 Park Ln

    General Information

    Property type
    Land
    Lot Size
    335,412 SF

    HighLights

    • All utilities available (natural gas, water, electric, sewer).
    • Proximity to Eastern Heights and East Hill residential neighborhoods.
    • Medium‑density residential zoning.
    • Concept development plan available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.455184
    Latitude
    42.420846

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    FAQs

    What type of property is this?
    Land - 7.7 Acres, Prime Ithaca Location
    Where is this land located?
    The property is located at Park Ln Ithaca, NY.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: All utilities available (natural gas, water, electric, sewer).; Proximity to Eastern Heights and East Hill residential neighborhoods.; Medium-density residential zoning.
    (607) 227-7558
    Request Owner's contact information
    Park Ln 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
    Park Ln Ithaca, NY 14850
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