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309 College Ave

9,676 SF 100% Leased Flex Building Ithaca, NY 14850 $6,672,230 CAD ($690 CAD/SF)

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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	$6,672,230 CAD	Lot Size	0.19 AC
Price Per SF	$690 CAD	Rentable Building Area	9,676 SF
Sale Type	Investment	No. Stories	4
Property Type	Flex	Year Built	1968
Building Class	C

Price	$6,672,230 CAD
Price Per SF	$690 CAD
Sale Type	Investment
Property Type	Flex
Building Class	C
Lot Size	0.19 AC
Rentable Building Area	9,676 SF
No. Stories	4
Year Built	1968