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Financial
Distress signals
Property profile

228 Dryden Rd Ithaca, NY 14850

FOR SALE
Commercial land
Property ID
US63-2117222
4,104 SF 0.19 ac lot Built 1985
Last sale Feb 2021 · $1,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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228 Dryden Rd, Ithaca, NY 14850 For Sale
$1,400,000 4,104 SF
228 Dryden Rd, Ithaca, NY 14850
View Listing

Property summary

AI-generated overview

This exceptional investment opportunity is located in the heart of Ithaca's Collegetown, just blocks from Cornell University's campus. The property, situated on a 0.19-acre lot, offers a fully entitled and shovel-ready development project. Plans are in place for a five-story building totaling 21,717 square feet. This multi-unit development will feature 35 individual units, each with its own bedroom, providing a significant rental income potential. The property's prime location within…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$1.20M
Assessed land$1.20M

Value estimate

· Oct 2026
$1.27M
$1.14M – $1.39M
AI approach$1.27M
Submarket $/SF estimate$1.07M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$159/SF
ZIP average, outlier-cleaned · 73 recorded sales of this use type
Observed band · Q1–Q3$89 – $260
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-3A
The purpose of this zoning district is to provide one family detached dwelling, two family dwelling, multi family, church and related bui...
General categoryRESIDENTIAL
JurisdictionTOMPKINS

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand index
Auto Repair Shop13.1
Building Supply12.9
Electrical Service12.0

Location

228 Dryden Rd Ithaca, NY 14850
County assessor Recorded deeds · 1 transfer 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
110 Mdw, Ithaca, NY 14850-4004 $900,000 Oct 2023 2,236 SF
611 Seneca, Ithaca, NY 14850-3325 $900,000 Oct 2023 1,242 SF
1061 Dryden, Ithaca, NY 14850-8738 $1,150,000 Nov 2022 1,162 SF
919 Elmira, Ithaca, NY 14850-8756 $185,000 Mar 2022 5,567 SF
1230 Danby, Ithaca, NY 14850-9407 $240,000 Jun 2020 6,237 SF
1795 Mecklenburg, Ithaca, NY 14850-9273 $40,000 Jan 2019 2,218 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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