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152 Highland ave
Ithaca, NY 14850
Land For Sale · 2.49 AC

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INVESTMENT HIGHLIGHTS

  • Up to 65+/- residential units developable on 2.85 acres
  • Unbeatable walkability, convenience, and scenic topography
  • Close access to Routes 96, 89, & 34
  • 0.1 mile to Cornell University & 2.7 miles to Ithaca College
  • Nearby endless popular restaurants and retail amenities
  • Income-producing residential duplex on .36 acres & vacant 2.49 acre parcel

EXECUTIVE SUMMARY

Vacant 2.49 acre parcel plus residential duplex on .36 acre parcel. The income-producing duplex at 150 Highland Avenue (.36 AC) cannot be demolished.

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Apartment Units - Dorms
Total Lot Size 2.49 AC
Zoning R-U

1 LOT AVAILABLE

Lot

Price $2,065,335 CAD
Price Per AC $829,451.77 CAD
Lot Size 2.49 AC

DESCRIPTION

Sizable 2.85 acre development opportunity within a three-minute walking distance to Cornell University. Current zoning allows for up to 65 +/- units of residential apartment living or student housing. Located minutes from Ithaca’s bustling center city, a short 2.7 mile drive to Ithaca College, and surrounded by the walkable streets of Ithaca’s Cayuga Heights District, lined with stately mansions, apartment buildings and single family homes. * Residential duplex on .36 acres & vacant 2.49 acre parcel. * Images shown for conceptual purposes only. * Zoned R-U Residential, in a designated historic district. * All site plans must be reviewed and approved by the Town & Landmark Commission. * Planning Department estimates around 65 residential units can be developed on this site. * 1 minute drive and 3 minute walk to Cornell University. * 1.8 miles from The Commons & Ithaca's Center City.

  • Listing ID: 29022430

  • Date on Market: 2023-07-17

  • Last Updated:

  • Address: 152 Highland ave, Ithaca, NY 14850

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