Land Available For Sale @ 994 Dryden Rd. And 5 And 9 Freese Rd.

994 Dryden Rd. and 5 and 9 Freese Rd., Ithaca, NY 14850

To view listing contacts please sign in with your Pro account or create a pro account.

Scott W.

Company: requires Pro account

Email: requires Pro account

Phone: requires Pro account


Choose nearby businesses to show on the map:

Yelp

Offered for sale is this rare development opportunity only 1.7 miles from Cornell University. If location is everything then this site has it all ! This is an excellent location for development. 1.7 Miles from Cornell University. Directly on Dryden Rd. leading into Cornell. Near the Ivy Ridge development. Cornell University is the largest IVY League University in the United Stated. This site has a daily traffic count of 18,276 and affords residents with fast and easy access to the main roadway entering Cornell. This is a pre approved and shovel ready project which went through several months of contentious review prior to approval. The City of Dryden has proposed limiting the density of future developments as the Town of Varna has seen a 700% increase in population over the past 8 years. The proposal will limit population growth to 50% and make this one of the last developments of this degree in the Town of Varna. Planned development is for 47 units with 104 Beds. Planned unit mix is: 8, 1 Bed Units, 21, 2 Bed Units and 18, 3 Bed Units. This project has estimated projected gross rents of $1,216,800, an anticipated estimated NOI of $752,096.74 and a projected estimated end market value of $12,534,945 based on current market CAP rates. The estimated projected CAP rate is based on a construction estimate of $8,500,000. This space offers accomodations for: multifamily.

Pricing: Contact for Pricing

Availability: Now

Listing ID: 3139637


Save and Continue Browsing

Sale Price: Contact for price

Type: Land

Learn More:

Company Name
Name of your company
Describe your location and space requirements
Enter additional requirements that you may have
Processing ...

We respect your privacy.

Get access to listing contacts with a Pro Account