309 College Ave
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309 College Ave
9,676 SF 100% Leased Light Industrial Building Ithaca, NY 14850 £3,716,638 (£384/SF)
Investment Highlights
- Collegetown Location
- Located 4 hours from NYC, 3 hours from Albany, 2.5 hours from Buffalo and 1 hour from Syracuse.
- Potential to develop over 47,000SF on this site! Hotel, Student housing/apartments, condo and mixed use are all allowed along with numerous other opti
- Property is being offered through a sealed bid process, all bids are due by 12/17/24.
Executive Summary
Once in a lifetime opportunity in the heart of Cornell University’s College town in Ithaca, NY. This prime development site is located within the MU-2 zone which allows for building height of 6 stories with 100% lot coverage and no parking requirements- potential to develop over 47,000SF on this site! Hotel, Student housing/apartments, condo and mixed use are all allowed along with numerous other options. Ithaca New York is an Ivy League college town that boast two major universities with over 30,000 students and has a population of over 100,000. Ithaca is also home to bio-tech manufacturing, regional hospital as well as several local community colleges. Located 4 hours from NYC, 3 hours from Albany, 2.5 hours from Buffalo and 1 hour from Syracuse. Property is being offered through a sealed bid process, all bids are due by 12/17/24. Contact listing agent for details and documents for sealed bid process.
Property Facts
| Price | £3,716,638 | Lot Size | 0.19 AC |
| Price Per SF | £384 | Rentable Building Area | 9,676 SF |
| Sale Type | Investment | Number of Floors | 4 |
| Property Type | Light Industrial | Year Built | 1968 |
| Building Class | C |
| Price | £3,716,638 |
| Price Per SF | £384 |
| Sale Type | Investment |
| Property Type | Light Industrial |
| Building Class | C |
| Lot Size | 0.19 AC |
| Rentable Building Area | 9,676 SF |
| Number of Floors | 4 |
| Year Built | 1968 |
Utilities
- Gas
- Water
- Sewer
- Heating
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Walk Score ®
Walker's Paradise (91)
zoning
| Zoning Code | MU-2 (Mixed-Use) |
| MU-2 (Mixed-Use) |
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Richard Patterson -
Kyle Steele -
Howard Hanna
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309 College Ave
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