132 Cherry St Ithaca, NY 14850
Ithaca AreaEstimated payment $16,435/month
Total Views
35,241
1.38
Acres
$1,811,594
Price per Acre
60,113
Sq Ft Lot
Highlights
- Lake Front
- Corner Lot
- High Speed Internet
- Canal Access
About This Lot
This incredible location is shovel ready. The ground has been cleared, the previous building removed, and all the plans, permits, and proforma has been done. This incredible location is within walking distance to Wegmans, parks, transportation and Cayuga Lake. A pedestrian bridge was just installed RIGHT NEXT to this parcel, over the canal. This unparalleled opportunity is ready right now. There is a great deal of public information online under "The Hive Ithaca."
Prime location provides waterfront living with great access to the adjacent Black Diamond Trail. The property is approved for 143-148 residential units with two L-shaped buildings nestled along the waterfront designed to have for residential and retail space on 1.37 acres.
Listing Agent
Berkshire Hathaway HomeServices Heritage Realty Brokerage Phone: 607-428-0708 License #30DE1022539 Listed on: 06/10/2026
Property Details
Property Type
- Land
Lot Details
- 1.38 Acre Lot
- Lot Dimensions are 293x178
- Lake Front
- Corner Lot
- Rectangular Lot
- Cleared Lot
Parking
- No Driveway
Property Views
- Water
- Scenic Vista
Schools
- Beverly J Martin Elementary School
- Boynton Middle School
- Ithaca Senior High School
Utilities
- High Speed Internet
- Phone Available
- Cable TV Available
Additional Features
- Canal Access
- Flood Zone Lot
Listing and Financial Details
- Tax Lot 2
- Assessor Parcel Number 500700-077-000-0004-002-000-0000
Map
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Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $32,327 | $1,000,000 | $1,000,000 | $0 |
| 2024 | $19,593 | $1,000,000 | $1,000,000 | $0 |
| 2023 | $21,539 | $1,000,000 | $1,000,000 | $0 |
| 2022 | $18,459 | $500,000 | $184,000 | $316,000 |
| 2021 | $18,459 | $500,000 | $184,000 | $316,000 |
| 2020 | $11,909 | $500,000 | $184,000 | $316,000 |
| 2019 | $16,316 | $500,000 | $184,000 | $316,000 |
| 2018 | $12,148 | $500,000 | $184,000 | $316,000 |
| 2017 | $12,455 | $500,000 | $184,000 | $316,000 |
| 2016 | $12,567 | $500,000 | $184,000 | $316,000 |
| 2015 | -- | $500,000 | $184,000 | $316,000 |
| 2014 | -- | $500,000 | $184,000 | $316,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/10/2026 06/10/26 | For Sale | $2,500,000 | -- | -- |
Source: Ithaca Board of REALTORS®
About the Listing Agent
Brian has always loved homes, building homes, designing homes, and owning homes. He probably inherited that trait from his grandfather who built homes for his retirement income. While working with him, Brian saw firsthand the beauty and income that could be created with a few solid real estate investments. To date, Brian has owned over a dozen investment properties, built his own home, and helped many people understand investment properties, or simply buy their first home. He continues to learn
Brian's Other Listings
Source: Ithaca Board of REALTORS®
MLS Number: R1687688
APN: 500700-077-000-0004-002-000-0000
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