Log In/Sign Up
Your email has been sent.
226 Cecil Malone Dr
Ithaca, NY 14850
Industrial Property For Sale
Investment Highlights
- Large-scale 3.34-acre site located within Ithaca’s Cherry Street Industrial Park.
- Equipped with 3-phase power, multiple ground-level doors, and two electric cranes.
- Adjacent 6.65-acre parcel available for expanded development potential.
- 49,822± SF mixed-use building with light industrial, warehouse, flex, and office space.
- Favorable zoning supports a broad range of commercial and mixed-use applications.
- Convenient access to NYS Route 13 and Ithaca’s central business and retail districts.
Executive Summary
This expansive mixed-use industrial property offers a rare in-city development opportunity in the heart of Ithaca. Positioned within the Cherry Street Industrial Park, the site spans 3.34 acres and includes a 49,822± SF commercial building with a versatile mix of light industrial, warehouse, flex, and office space. The property benefits from favorable zoning that supports a wide range of commercial uses, making it ideal for adaptive reuse or redevelopment.
The site features multiple ingress and egress points from two streets, ample on-site parking, and partially fenced laydown areas. Key infrastructure includes 3-phase power, up to 30-foot clear height, multiple 12’ x 16’ ground-level doors, and two multi-ton electric cranes. All municipal services are available, ensuring ease of operations and future development flexibility.
An adjacent 6.65-acre parcel at 110 Cherry Street is also available, creating the potential for a combined 10-acre assemblage for large-scale projects. Located just off NYS Route 13, the property offers excellent connectivity to Ithaca’s urban core, major retailers, and regional transportation routes.
The site features multiple ingress and egress points from two streets, ample on-site parking, and partially fenced laydown areas. Key infrastructure includes 3-phase power, up to 30-foot clear height, multiple 12’ x 16’ ground-level doors, and two multi-ton electric cranes. All municipal services are available, ensuring ease of operations and future development flexibility.
An adjacent 6.65-acre parcel at 110 Cherry Street is also available, creating the potential for a combined 10-acre assemblage for large-scale projects. Located just off NYS Route 13, the property offers excellent connectivity to Ithaca’s urban core, major retailers, and regional transportation routes.
Property Facts
| Sale Type | Investment | Rentable Building Area | 46,822 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Manufacturing | Year Built | 1920 |
| Building Class | B | Parking Ratio | 0.96/1,000 SF |
| Lot Size | 3.36 AC | ||
| Zoning | I-1 - Industrial | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 3.36 AC |
| Rentable Building Area | 46,822 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | I-1 - Industrial |
Property Taxes
| Parcel Number | 500700-078-000-0001-001-002-0000 | Improvements Assessment | $1,000,000 |
| Land Assessment | $500,000 | Total Assessment | $1,500,000 |
Property Taxes
Parcel Number
500700-078-000-0001-001-002-0000
Land Assessment
$500,000
Improvements Assessment
$1,000,000
Total Assessment
$1,500,000
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
