$2,500,000

132 Cherry St Ithaca, NY 14850

Estimated payment $16,118/month

Total Views 11,130
1.38 Acres
$1,811,594 Price per Acre
60,113 Sq Ft Lot

Highlights

  • Lake Front
  • Canal Access
  • High Speed Internet
  • Boynton Middle School Rated A-
  • Corner Lot

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

Brian DeYoung

Berkshire Hathaway HomeServices Heritage Realty Brokerage Phone: 607-428-0708 License #30DE1022539 Listed on: 06/10/2026

Berkshire Hathaway HomeServices Heritage Realty

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

Property Details

Property Type

Land

Lot Details

1.38 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Land
  • Lot Size Acres: 1.38
  • Lot Size: 293X178
  • Road Frontage Type: City Street
  • Water Body Name: Cayuga Inlet
  • Directions: Along the canal on Cherry St., behind Ithaca Wegmans
  • Property Sub Type Additional: Other
  • Attribution Contact: 607-428-0708
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Other
  • Fireplace: No

Exterior Features

  • Lot Features: Corner Lot, Rectangular, Rectangular Lot, Cleared, Flood Zone, Lake Front
  • View: Scenic, Water
  • View: Yes
  • Waterfront Features: Canal Access, Lake Front
  • Waterfront: No
  • Other Structures: None

Garage/Parking

  • Parking Features: No Driveway

Utilities

  • Sewer: Storm Sewer
  • Utilities: Cable Available, Natural Gas Available, High Speed Internet Available, Phone Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Storm Drain(s)
  • Senior Community: No

Schools

  • Elementary School: Beverly J Martin Elementary
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Development Status: Clear, Other, Raw Land, Site Plan Approved, See Remarks
  • Lot Size Sq Ft: 60113.0
  • Parcel #: 500700-077-000-0004-002-000-0000

Tax Info

  • Tax Lot: 2

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 DeYoung

Berkshire Hathaway HomeServices Heritage Realty

(607) 499-4589

Section Image

Brian's Other Listings

  • 116 3rd St Unit 18, Ithaca, NY 14850

    $432,450

    • 6 Beds
    • 2.5 Baths
    • 2,298 Sq Ft
    • 116 3rd St
    • Unit 18
    • Ithaca, NY

    Downtown Ithaca duplex with strong location appeal. Charming curb appeal too. Within walking distance of the Farmers Market, Cayuga Lake, Stewart Park, local dining, shopping, and nearby medical facilities, this well-maintained property offers convenience for tenants and owners alike. Regular updates throughout the interior help make this a turnkey investment opportunity. Walk to Red Feet, or out

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 218 Pleasant St, Ithaca, NY 14850

    $355,365

    • 3 Beds
    • 1 Bath
    • 1,365 Sq Ft
    • 218 Pleasant St
    • Ithaca, NY

    Rare investment opportunity in the City of Ithaca! This well-maintained 3-bedroom, 1-bath home is ideally positioned in the highly desirable South Hill neighborhood and is being offered as part of a larger investment package with 115 and 117 Prospect Street. What makes this property especially valuable is that it provides the parking area serving all three properties, creating a unique portfolio

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 115 Prospect St, Ithaca, NY 14850

    $400,000

    • 6 Beds
    • 2 Baths
    • 1,678 Sq Ft
    • 115 Prospect St
    • Ithaca, NY

    Ideally located near SouthWorks, the South Hill Recreation Way, and downtown Ithaca, this property offers convenient access to restaurants, shops, the library, and many of the amenities that make Ithaca such a desirable place to live. Available as a standalone purchase or together with two adjoining properties, the offering presents opportunities for investors, owner-occupants, or those

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 124 Sears St, Ithaca, NY 14850

    $375,000

    • 6 Beds
    • 2.5 Baths
    • 2,169 Sq Ft
    • 124 Sears St
    • Ithaca, NY

    A rare opportunity to own in Ithaca’s sought-after Fall Creek neighborhood. This well-maintained property offers hardwood floors, strong rental appeal, and a convenient location within walking distance of Gimmee! Coffee, downtown Ithaca, the Commons, Ithaca Falls, and many other local favorites. Situated on a quiet, low-traffic street, the property benefits from the charm and character that make

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 117 Prospect St, Ithaca, NY 14850

    $345,400

    • 2 Beds
    • 3 Baths
    • 1,216 Sq Ft
    • 117 Prospect St
    • Ithaca, NY

    Exceptional South Hill location with investment potential. Situated near Ithaca College, the South Hill Recreation Way, downtown Ithaca, SouthWorks, and the public library, this property places some of Ithaca’s most popular destinations within easy reach. Currently used as a rental, it offers immediate income while presenting future opportunities for expansion, redevelopment, or owner occupancy.

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 408 Hillview Place, Ithaca, NY 14850

    $1,350,000

    • 13 Beds
    • 5 Baths
    • 5,954 Sq Ft
    • 408 Hillview Place
    • Ithaca, NY

    Prime Multi-Building Investment Property Near Cornell University and Ithaca College. Exceptional opportunity to acquire a high-performing student housing complex ideally located near Cornell University and Ithaca College. This unique offering includes three buildings on a single tax parcel—two spacious houses and one apartment building—featuring a total of 16 bedrooms. The property provides ample

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 116 - 118 Ferris Place Unit 18, Ithaca City, NY 14850

    $1,570,000

    • 6 Beds
    • 8,902 Sq Ft
    • 116 - 118 Ferris Place
    • Unit 18
    • Ithaca City, NY

    Just off State Street, a few blocks south of Collegetown Center and just up the hill from the Commons, this large 24-bedroom building is nestled along the gorges and preserves. It’s just above the Six Mile Creek Preserve, and the footbridge over the creek is just a few hundred feet down the street. Out the back windows, it’s all beautiful greenery and shade. A large duplex building, it is divided

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 00 Hillcrest Dr, Northwest Ithaca, NY 14850

    $450,000 $125K PRICE DROP

    • Land
    • 33.86 Acres
    • $13,290 per Acre
    • 00 Hillcrest Dr
    • Northwest Ithaca, NY

    Discover an exceptional opportunity with this stunning 34-acre parcel, perfectly poised for development just minutes from Cayuga Lake. Ideal for your dream home (the town may require 7 acres per homesite), all while enjoying breathtaking views of the lake and surrounding landscape. This prime location offers endless possibilities for both personal retreat and investment. The property connects to

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 212 Linden Ave, Ithaca, NY 14850

    $1,600,000

    • 11 Beds
    • 4 Baths
    • 4,656 Sq Ft
    • 212 Linden Ave
    • Ithaca, NY

    Collegetown, parallel to College Ave, Linden is zoned CR4 and nearby neighbors on both sides have completed or started 5 story buildings as allowed by this zoning type. This property has 4 units with radiant heat in the floor. Comfortable porch leads to the main door and all units. You must drive by this one and see the neighborhood if this property interests you. Even if you don't want to build

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image

Source: Ithaca Board of REALTORS®

MLS Number: R1687688

APN: 500700-077-000-0004-002-000-0000

Your Personal Tour Guide

Ask me questions while you tour the home.