Active

$2,500,000

132 Cherry St #2, Ithaca, NY 14850

--beds

0baths

1.38Acres

Unimproved Land

Built in ----

1.38 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Waterfront living

This incredible location is shovel ready. The ground has been cleared, the previous building removed, and all the plans, permits, and proforma has been done. This incredible location is within walking distance to Wegmans, parks, transportation and Cayuga Lake. A pedestrian bridge was just installed RIGHT NEXT to this parcel, over the canal. This unparalleled opportunity is ready right now. There is a great deal of public information online under "The Hive Ithaca." Prime location provides waterfront living with great access to the adjacent Black Diamond Trail. The property is approved for 143-148 residential units with two L-shaped buildings nestled along the waterfront designed to have for residential and retail space on 1.37 acres.

25 days

184

6

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Features

Has fireplace: No

Video & virtual tour

View virtual tour

Property

Parking

Parking features: No Driveway

Features

Has view: Yes
View description: Scenic, Water
Has water view: Yes
Water view: Water
Waterfront features: Canal Access, Lake Front
Body of water: Cayuga Inlet

Lot

Size: 1.38 Acres
Dimensions: 293 x 178
Features: Corner Lot, Rectangular, Rectangular Lot, Cleared, Flood Zone, Lake Front

Details

Additional structures: None
Parcel number: 50070007700000040020000000
Special conditions: Standard
Wooded area: 0

Utilities & green energy

Sewer: Storm Sewer
Water: Public
Utilities for property: Cable Available, Natural Gas Available, High Speed Internet Available, Phone Available, Electricity Available, Sewer Available, Water Available

Community & HOA

Community

Features: Storm Drain(s)

Location

Region: Ithaca

Financial & listing details

Tax assessed value: $1,000,000
Date on market: 6/10/2026
Listing terms: Cash

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/10/2026	Listed for sale	$2,500,000
Source: NYSAMLSs #R1687688 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Estimated monthly payment$1,822

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified