1250 Trumansburg Rd
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1250 Trumansburg Rd
30.11 Acres of Residential Land Offered at $950,000 in Ithaca, NY 14850
Executive Summary
This West Hill property offers a unique development opportunity with its two parcels on Trumansburg Rd., overlooking Cayuga Lake to the east. The first parcel is 1.2 acres and features a 2,536 sq. ft. single-family home connected to municipal services, selling "as-is." The second parcel is 28.86 acres of prime vacant land ready for development. Identified by the Town of Ithaca's New Neighborhood code (Chapter 272), this site presents an exciting opportunity for a mix of housing and is well-suited for development with the support of the Town of Ithaca. Both parcels are zoned as Medium Density Residential, consistent with surrounding properties on the west side of Trumansburg Rd. The adjacent lot, sold to a local developer in 2016, and two lots across West Hill Drive were approved for Multiple Residence zoning prior to development. Given the property's inclusion in Ithaca's Comprehensive Plan, rezoning these parcels may be possible. With proximity to municipal services, a location on a bus line, and being across from Cayuga Medical Center, this is a prime location for development. Don't miss out on this exciting opportunity!
Property Facts
| Price | $950,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 30.11 AC |
| Price | $950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 30.11 AC |
1 Lot Available
Lot 24.-4-5.3
| Price | $950,000 | Lot Size | 30.11 AC |
| Price Per AC | $31,551 |
| Price | $950,000 |
| Price Per AC | $31,551 |
| Lot Size | 30.11 AC |
Two parcels 24.-4-5.2 & 24.-4-5.3 Prime location for development.
PROPERTY TAXES
| Parcel Number | 503089-024-000-0004-005-002-0000 | Improvements Assessment | $0 |
| Land Assessment | $289,000 | Total Assessment | $289,000 |
PROPERTY TAXES
Parcel Number
503089-024-000-0004-005-002-0000
Land Assessment
$289,000
Improvements Assessment
$0
Total Assessment
$289,000
zoning
| Zoning Code | Medium Density Residentia (Medium Density Residential - rezoning may be possible) |
| Medium Density Residentia (Medium Density Residential - rezoning may be possible) |
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1250 Trumansburg Rd
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