110 CHERRY ST Ithaca NY 14850

Rare Ithaca City Redevelopment Opportunity offering buyer opportunity to combine 110 Cherry Street with adjacent property at 226 Cecial Malone Drive which provides existing NNN lease income.​ This allows buyer to acquire both properties as a package, one for current income and other for future redevelopment†

• ​Just off City's NYS Rte. 13 high-growth urban corridor
• ​Located in Cherry Street Industrial Park - mix of light industrial; business services; office & apartments
• ​Expansive, fully fenced 6.65-acres
• ​Favorable zoning to accommodate range of commercial uses: - Mixed use / Light industrial / Mid rise vertical development
• ​All municipal services available to site
• ​Former scrapyard brownfield site - phase 1 and phase 2 reports available upon request.
• ​Adjacent property - 226 Cecil Malone Drive - 3.34-acres - can be purchased to expand redevelopment assemblage to nearly 10-acres
• ​226 Cecil Street provides existing NNN lease income, allowing a buyer to acquire both properties as a package, one for current income and one for future redevelopment.

Prime Development Opportunity! This 6.65 acre property in the City of Ithaca offers incredible potential for investors and developers. Located in the growing West End Waterfront/Cherry Street District, CSD zoning allows for many uses including, but not limited to, multi family and commercial. Formerly the Weitsman scrap metal recycling facility, the development site features existing buildings, including an office building and a large industrial warehouse with soaring 40+ foot ceilings and five loading docks.

With ~15,000 SF of space, this property is well-suited for development, as-is warehouse storage, conversion or commercial business. Strategically located behind Wegmans and major shopping plazas, and directly across from the Cayuga Lake Inlet, this site is positioned for growth. Potential incentives may be available to support development. Don't miss this rare chance to own and transform a substantial property in the City of Ithaca.

110 Cherry Street existing structure: 2,995 sq ft office, 5,612 sq ft of warehouse space and 14,506 sq ft of light manufacturing space. More land may be available for sale. Contact Tam Warren 607-227-0198 or Garrett Venuto 607-592-1762 for showings and for more . information on Brownfield credits and other incentives that may be available to the site.

Information on zoning and potential incentives in attached documents.