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110 Cherry St
Ithaca, NY 14850
Industrial Property For Sale
Investment Highlights
- Located in Ithaca’s Cherry Street Industrial Park with access to NYS Route 13.
- Opportunity to assemble with adjacent 3.34-acre parcel for a combined 10-acre development site.
- Proximity to Cornell University, Ithaca College, and major regional markets.
- 6.65-acre site with existing warehouse, shop, and office structures totaling 23,115 SF.
- Eligible for tax incentives and Brownfield Tax Credits to support redevelopment.
Executive Summary
This offering presents a rare redevelopment opportunity within Ithaca’s Cherry Street Industrial Park, featuring 6.65 acres of land with existing structures totaling approximately 23,115 square feet. The property is positioned just off NYS Route 13, a high-growth urban corridor, and benefits from full municipal services. Current improvements include warehouse, shop, and office space, with features such as 3-phase power, multiple overhead doors, and up to 30-foot ceiling heights.
The site is well-suited for a range of commercial uses, including mixed-use, light industrial, or mid-rise vertical development. A key advantage is the ability to combine with an adjacent 3.34-acre parcel at 226 Cecil Malone Drive, creating a nearly 10-acre assemblage for large-scale redevelopment. The property qualifies for tax incentives and Brownfield Tax Credits, enhancing its investment appeal.
Located within minutes of downtown Ithaca, Cornell University, and Ithaca College, the site offers strong connectivity to major regional markets, including Syracuse (60 miles), Binghamton (50.7 miles), and Elmira (33.1 miles). This is an exceptional opportunity for developers and investors seeking a centrally located, infrastructure-ready site in a dynamic and growing market.
The site is well-suited for a range of commercial uses, including mixed-use, light industrial, or mid-rise vertical development. A key advantage is the ability to combine with an adjacent 3.34-acre parcel at 226 Cecil Malone Drive, creating a nearly 10-acre assemblage for large-scale redevelopment. The property qualifies for tax incentives and Brownfield Tax Credits, enhancing its investment appeal.
Located within minutes of downtown Ithaca, Cornell University, and Ithaca College, the site offers strong connectivity to major regional markets, including Syracuse (60 miles), Binghamton (50.7 miles), and Elmira (33.1 miles). This is an exceptional opportunity for developers and investors seeking a centrally located, infrastructure-ready site in a dynamic and growing market.
Property Facts
| Sale Type | Investment | Rentable Building Area | 23,115 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1920 |
| Building Class | C | Tenancy | Single |
| Lot Size | 13.30 AC | Parking Ratio | 0.78/1,000 SF |
| Zoning | I-1 - Industrial | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 13.30 AC |
| Rentable Building Area | 23,115 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Tenancy | Single |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | I-1 - Industrial |
Property Taxes
| Parcel Number | 500700-078-000-0001-001-001-0000 | Improvements Assessment | $68,624 CAD |
| Land Assessment | $617,616 CAD | Total Assessment | $686,240 CAD |
Property Taxes
Parcel Number
500700-078-000-0001-001-001-0000
Land Assessment
$617,616 CAD
Improvements Assessment
$68,624 CAD
Total Assessment
$686,240 CAD
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