39 Village Circle, Ithaca, NY 14850 (MLS # 400907)

Price $7,900,000
Status Active
Size 30,750 sqft
Lot Size 103.12 ac
Days on Market 208
Opportunities like this are rare and immense. Massive development potentials w/ avail municipal water & sewer. Incl. 4 apartment buildings w/ 42 income generating units & 98 acres of land. These buildings plus a small portion of the acreage are in a planned development area (PDA) approved to construct 138 multi-family units. This extraordinary Lansing location is located 1 minute from Ithaca Tompkins Regional Airport, Borg Warner Manufacturing & the Cornell Business & Technology Park. Part of the acreage borders a commercially zoned business park (Dutch Mill Rd). While one could propose to develop additional multi-family housing, an experienced & astute investor could propose a variety mixed use developments; addl. apartments, single & 2 family homes, cluster housing, townhouses, condos, retirement community, medical offices or addl commercial use. It would be difficult to find land that has this kind of income while going through the development process. Consider the endless uses.
Property Type(s): Commercial
Last Updated 5/18/2020 Tract Village Apartments
Year Built 1980 Community Other
County Tompkins


School District Lansing
Elementary School Lansing
Jr. High School Lansing

Additional Details

AREA Other
BASEMENT Finished, Yes
EXTERIOR CO Detector, Smoke Detectors
HEAT Baseboard, Hot Water, Natural Gas
LOT 103.1200 acre(s)
SEWER Municipal-Available,Municipal-Existing,Private Septic
SUBDIVISION Village Apartments
WATER Municipal-Available,Municipal-Existing,Other - See Remarks
ZONING Multi Unit



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