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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.