$350,000
$75K PRICE DROP

Estimated payment $2,032/month

Total Views 8,435
3.06 Acres
$114,379 Price per Acre
133,294 Sq Ft Lot

Highlights

  • 3.06 Acre Lot
  • Corner Lot
  • High Speed Internet
  • Raymond C. Buckley Elementary School Rated A-

About This Lot

Prime Investment Opportunity in the Finger Lakes! Developers, investors, and entrepreneurs—don’t miss the opportunity to construct this shovel-ready, town-approved project for a 16-unit, 32-bed apartment complex in a high-demand rental market just minutes from Ithaca. Located only 5 miles from Cornell University and the City of Ithaca, 4 miles from Ithaca Tompkins International Airport and major shopping, 3 miles from scenic Cayuga Lake, and 2 miles from Lansing Central School District, this prime site offers municipal water, underground utilities, a few hundred feet to an 11-acre town park with ballfields and a playground. The approved plan features four well-designed buildings, each containing three spacious two-story apartments and one convenient single-level unit. Each residence includes multiple baths, a private garage, and separately metered utilities, ensuring long-term rental appeal and operational efficiency. Nestled off the main road for privacy yet close to essential amenities, this development offers an unbeatable combination of convenience, quality, and investment potential. Positioned in one of the fastest-growing counties in Upstate New York, this is a rare chance to capitalize on the thriving Finger Lakes region. The seller is open to serving as General Manager if desired, providing additional expertise and oversight. Approved and ready to build—secure your place in this booming market today! For sale is a 3 acre lot plus the approved project and engineering plans. Commercially zoned lot will also allow other uses.

Listing Agent

Steven Saggese

Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Phone: 607-280-4350 License #30SA0532613 Listed on: 02/07/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,144

Lot Details

  • 3.06 Acre Lot
  • Lot Dimensions are 450x299
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Cleared Lot
  • Zoning described as Commercial

Parking

  • Gravel Driveway
  • Dirt Driveway

Schools

  • Raymond C Buckley Elementary School
  • Lansing Middle School
  • Lansing High School

Utilities

  • Approved Septic System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 37.1-2-53.29

Property Details

Property Type

Land

Est. Annual Taxes

$1,144

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Land
  • Lot Size Acres: 3.06
  • Lot Size: 450X299
  • Road Frontage Type: Town Road
  • Directions: East Shore Drive north towards Lansing. Right on to Cayuga Vista Drive and property is located on the left. It is a corner lot on Woodsedge and Cayuga Vista
  • Property Sub Type Additional: Residential
  • Attribution Contact: 607-280-4350
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No

Exterior Features

  • Lot Features: Corner Lot, Other, Rectangular, Rectangular Lot, Residential Lot, See Remarks, Cleared, Level
  • Topography: Level
  • Waterfront: No
  • Exterior Features: Dirt Driveway, Gravel Driveway
  • Other Structures: None

Utilities

  • Sewer: Septic Approved
  • Utilities: Cable Available, High Speed Internet Available, Phone Available, Electricity Available, Water Available

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Raymond C Buckley Elementary
  • Junior High Dist: Lansing
  • High School: Lansing High
  • Middle Or Junior School: Lansing Middle

Lot Info

  • Development Status: Clear, Raw Land, Site Plan Approved
  • Parcel #: 37.1-2-53.29
  • Zoning Description: Commercial

Tax Info

  • Tax Annual Amount: 1144.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Price Changed $350,000 0.0% --
07/31/2025 07/31/25 Price Changed $350,000 -17.6% --
02/10/2025 02/10/25 For Sale $425,000 0.0% --
02/07/2025 02/07/25 For Sale $425,000 -- --
Source: Ithaca Board of REALTORS®

Source: Ithaca Board of REALTORS®

MLS Number: R1587595