Technical
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Property profile

0 Bomax Dr Ithaca, NY 14850

OFF-MARKET
Land
26 ac lot
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Property summary

AI-generated overview

This exceptional 26-acre commercial land parcel presents a unique development opportunity in Ithaca, New York. Located in the Business & Technology District (APN 44.1-1-53.3), this property boasts over 1,122 feet of road frontage on Bomax Drive in Lansing, NY 14850. Its strategic location offers easy access to Cornell University, the Cornell University Business & Technology Park, the Ithaca Tompkins Regional Airport, and both the Northeast and Downtown Ithaca business districts. The site is situated in a thriving area, directly across from a 140-unit apartment complex and adjacent to a recently sold-out townhome development, indicating strong existing residential demand. The property's zoning allows for a variety of commercial uses, making it ideal for a range of development projects. Utilities, including water, electricity, and gas, are accessible, subject to verification with service providers. This prime location within a rapidly growing area, known for its robust economy driven by education, healthcare, technology, and tourism, makes this a compelling investment opportunity. The property's size and location offer significant potential for substantial returns. This is a rare chance to acquire a large, well-positioned commercial land parcel in one of New York's most dynamic and desirable areas.

Property profile

Verified
Property type Land
Lot 26 ac (1,132,560 SF)

Cap rate & NOI

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

Location

Bomax Dr Ithaca, NY 14850
Ithaca metro
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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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