309 College Ave Ithaca, NY 14850

This exceptional 9,676 square foot commercial property presents a rare development opportunity in the heart of Ithaca, NY's vibrant Collegetown, situated near Cornell University. The 0.2-acre lot is zoned MU-2, permitting a remarkable six-story building with 100% lot coverage and no mandated parking requirements. This translates to a potential buildable area exceeding 47,000 square feet, offering unparalleled flexibility for a diverse range of projects. Envision a hotel, student housing, apartments, condominiums, or a mixed-use development—all are permissible uses within this zoning designation. Ithaca's thriving community boasts a population exceeding 100,000, fueled by two major universities with a combined student body of over 30,000. The city's robust economy includes a significant biotech manufacturing sector, a regional hospital, and several community colleges. Its strategic location offers convenient access to major metropolitan areas: four hours from New York City, three hours from Albany, two and a half hours from Buffalo, and one hour from Syracuse. This property is being offered via a sealed bid process