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.
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
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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.