228 Dryden Rd Ithaca, NY 14850
Property profile & analytics
228 Dryden Rd Ithaca, NY 14850
- Commercial land
- 4,104 SF
- 0.19 lot acres
Property ID
US63-2117222
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 228 Dryden Rd
- Year built
- 1985
- Lot size
- 0.19 lot acres
- Property size
- 4,104 SF
- Zone code
- R-3A
- Property type
- Commercial land
- APN
- 500700 64.-2-19
- APU
- 50070064219
Description
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 Collegetown ensures high occupancy rates and strong rental demand, making it an attractive investment for those seeking to capitalize on the vibrant student and faculty population. The project's fully entitled status eliminates lengthy permitting processes, allowing for a swift commencement of construction. This turnkey development opportunity presents a rare chance to acquire a high-yield investment property in a highly sought-after location. The existing entitlements and shovel-ready status significantly reduce development risk and accelerate the path to profitability. This is an exceptional opportunity for investors seeking a high-return, low-risk investment in a thriving college town market. The 35-unit configuration is designed to maximize rental income and provide a strong return on investment. The property's size and location make it ideal for a variety of development scenarios, offering flexibility and potential for future expansion or adaptation.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,285,000
- ML approach
- $1,270,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,066,000
Market price range: $367k - $1.07M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.4836
- Latitude
- 42.4418
- CBSA code
- 27060
- CBSA name
- ITHACA, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$1,200,000
$0.00
$1,200,000
-
$1,200,000
$0.00
$1,200,000
