49.13 ± ACRES
Land | 49.13 acres
Marketing description
49.13 ± acres of pasture / agricultural land located in the Town of Ulysses, Tompkins County, in the Finger Lakes Region. The property features frontage on Swamp College Road, a paved town road, with electric available at the road. Well and septic required for new construction. The land is zoned AR (Agricultural / Rural) and is eligible for NY Agricultural Assessment for significant tax savings. Predominantly open and gently rolling topography. Current use is pasture / agricultural.
The property is located just 3 miles from the Village of Trumansburg with schools, dining, fairgrounds, and the GrassRoots Festival. Cornell University and Ithaca are 10 miles away, with 32,000+ employees and students. Cayuga Lake (Taughannock State Park) is 6 miles away, Finger Lakes National Forest is 12 miles, and Watkins Glen / Seneca Lake wine country is 18 miles away.
Possession at closing, free and clear. Property is offered AS-IS. Survey and Phase I environmental are recommended.
Investment highlights
- AR zoning supports minor subdivision (up to 4 lots, 1 hearing)
- Comparable 1.8-ac lots on Swamp College Rd have sold around $37,900
- Tompkins County housing-production deficit drives infill-lot demand
- Eligible for 1031 like-kind exchange
- Hay/pasture lease income while you entitle
- Conservation-easement option preserves a federal tax deduction
- Build your dream home on cleared, gently rolling pasture
- All-cash carry effectively zero - lease income covers taxes & insurance
- Apply for NY Agricultural Assessment for 50-70% tax savings
- Trumansburg CSD; village dining & festivals minutes away
- Cornell, Ithaca, Cayuga Lake, Watkins Glen all within 20 minutes
- Room for hobby farm, horses, orchard, or recreational use.
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