Technical
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Distress signals
Property profile

0 Park Ln Ithaca, NY 14850

OFF-MARKET
Land
7.7 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 7.7 ac (335,412 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Park Ln Ithaca, NY 14850
Ithaca metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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