Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    309 College Ave Ithaca, NY 14850

    • Commercial real estate
    • 0.20 lot acres
    For Sale
    View listing
    $4,750,000
    Value Estimation
    Location Intelligence
    Property ID
    US63-3467335
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ithaca Fire Department Station 2 / Fire Station

    Property Details for 309 College Ave

    Year built
    1968
    Lot size
    0.20 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.2-acre development site in Ithaca, NY, presents a rare investment opportunity. Located at 309 College Ave, in the heart of Cornell University's Collegetown, this property offers significant potential for high-density development. The MU-2 zoning permits a six-story building with 100% lot coverage and no parking requirements, allowing for the construction of over 47,000 square feet. A variety of uses are permitted, including hotels, student housing, apartments, condominiums, and mixed-use developments, catering to the vibrant college town's high demand. Ithaca boasts a population exceeding 100,000, including over 30,000 students from two major universities. The city also benefits from a thriving biotech manufacturing sector, a regional hospital, and several community colleges. Its strategic location offers easy access to major cities, including New York City (4 hours), Albany (3 hours), Buffalo (2.5 hours), and Syracuse (1 hour). The property is being offered through a sealed bid process, with all bids due by December 19, 2024. Detailed information and bid documents are available upon request. Built in 1968, this one-building site presents a blank canvas for a lucrative development project.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.4848199
    Latitude
    42.4408452

    Comparable in this City

    • $1,350,000
      6,400 SF

      Commercial Buildings in Ithaca, NY

      Two commercial buildings with redevelopment potential in Ithaca's Downtown Business District.
      105 E Clinton St, Ithaca, NY 14850
      View Details
    • $795,000
      9,752 SF

      Downtown Ithaca Mixed-Use Opportunity

      Prime Ithaca location, 9,752 SF, redevelopment potential.
      420 State St, Ithaca, NY 14850
      View Details
    • $385,000
      1,507 SF

      Uptown Ithaca Convenience Store

      Prime Ithaca location, strong NOI, redevelopment potential.
      508 State St, Ithaca, NY 14850
      View Details
    • $465,000
      3,108 SF

      Ithaca Mixed-Use Commercial Building

      Prime West End Location, 3108 SF, $465,000
      416 State St, Ithaca, NY 14850
      View Details
    • $160,000
      0.74 Acres

      Ithaca Building Lot Near Cornell

      One-acre building lot near Ithaca, Cornell, and Cayuga Lake.
      72 Grandview Dr, Ithaca, NY 14850
      View Details
    • Contact for pricing
      0.35 Acres

      Residential Lot in Ithaca, NY

      0.35-acre wooded lot in a desirable Ithaca neighborhood.
      Drew Rd, Ithaca, NY 14850
      View Details

    Similar Nearby for Sale

    • $1,350,000
      6,400 SF

      Commercial Buildings in Ithaca, NY

      Two commercial buildings with redevelopment potential in Ithaca's Downtown Business District.
      105 E Clinton St, Ithaca, NY 14850
      View Details
    • $795,000
      9,752 SF

      Downtown Ithaca Mixed-Use Opportunity

      Prime Ithaca location, 9,752 SF, redevelopment potential.
      420 State St, Ithaca, NY 14850
      View Details
    • $385,000
      1,507 SF

      Uptown Ithaca Convenience Store

      Prime Ithaca location, strong NOI, redevelopment potential.
      508 State St, Ithaca, NY 14850
      View Details
    • $465,000
      3,108 SF

      Ithaca Mixed-Use Commercial Building

      Prime West End Location, 3108 SF, $465,000
      416 State St, Ithaca, NY 14850
      View Details
    • $160,000
      0.74 Acres

      Ithaca Building Lot Near Cornell

      One-acre building lot near Ithaca, Cornell, and Cayuga Lake.
      72 Grandview Dr, Ithaca, NY 14850
      View Details
    • Contact for pricing
      0.35 Acres

      Residential Lot in Ithaca, NY

      0.35-acre wooded lot in a desirable Ithaca neighborhood.
      Drew Rd, Ithaca, NY 14850
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Outparcel Opportunity

      Front outparcel with large parking, easy access near universities.
      2310 N Triphammer Rd, Ithaca, NY 14850
      View Details
    • Contact for pricing

      Prime Retail Outparcel Opportunity

      Retail spaces with ample parking and easy access available for lease.
      2 Stone Creek Dr, Ithaca, NY 14850
      View Details
    • Contact for pricing
      220,305 SF

      Cayuga Shopping Center: Retail Opportunity

      Prime Retail Space, Tompkins County, NY
      2301 Triphammer Rd, Ithaca, NY 14850
      View Details
    • $15 SF/Yr
      158,959 SF

      Community Shopping Center Retail Space

      Community shopping center with retail, restaurant, and office spaces.
      2255 Triphammer Rd North, Ithaca, NY 14850
      View Details
    • $15 SF/Yr
      158,959 SF

      Community Shopping Center Retail Space

      Community shopping center with retail, restaurants, services, and medical offices.
      2255 Triphammer Rd North, Ithaca, NY 14850
      View Details
    • Contact for pricing
      46,800 SF

      Ithaca Industrial Space with Cranes

      Industrial space featuring cranes, high ceilings, and multiple overhead doors.
      226 Cecil Malone Dr, Ithaca, NY 14850
      View Details

    Property Visit Statistics

    • Visits by month
      235
    • Visitors by month
      272
    • Avg Time on site
      74 min
    Request Owner's contact information
    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
    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.