900 State St, Ithaca, NY 14850-3314

This exceptional 8,000 square foot development opportunity is situated on Ithaca's vibrant Inlet Island, a natural extension of the West End, adjacent to the new Chamber of Commerce on Cherry Street. The property, encompassing parcels 900[73.-3-3], 910[73.-3-2], and 912[73.-3-1] W State/MLK, must be purchased together and offers a unique chance to create a significant mixed-use, commercial/residential, or residential-over-parking development. Preliminary architectural plans (available to qualified buyers) envision a 35,000 square foot project, potentially shovel-ready in 2024. The 0.17-acre site boasts a highly desirable WF-1d zoning designation, permitting five stories, 100% lot coverage, zero required parking, and no step-backs on upper floors. This location offers unparalleled access to recreational amenities, including the Black Diamond Trail, the Waterfront Trail, and Cass Park's entrance. Its central location is further enhanced by proximity to public transportation (bus stops within half a block) and convenient access to Ithaca's Farmers Market via a new walking/biking trail. The property's surroundings include iconic buildings such as the Airplane Factory, Lehigh Valley House, the Signworks Building, and the Chemung Canal. Environmental reports, zoning information, and tax abatement guidelines are available. Priced at $1,100,000.