438 & 442 Floral Ave, Ithaca, NY 14850

Rare 18.5-Acre Opportunity in the City of Ithaca located near the Cayuga Waterfront Trail and Downtown, this expansive property offers privacy and stunning views of the Ithaca College Towers. The land consists of six tax parcels, featuring a mix of wooded areas, wide open spaces, and scenic creeks. The woods surrounding the structures provide privacy, while the large open areas are perfect for outdoor activities. The property includes 442 Floral Ave, a quaint 3-bedroom, 2-bath home, with a newly updated 1-bedroom apartment featuring a new kitchen and bathroom. The property is on all municipal services, with 50 feet of road frontage on Floral Ave and a 6-foot right-of-way along the south side of 440 Floral Ave. 438 Floral Ave contains two dwelling units—a spacious 2-bedroom apartment and a studio apartment with municipal water, natural gas, and septic, plus a storage shed. New kitchens are being installed in 438A & 438B Floral Ave, the interior will be freshly painted, and new luxury vinyl plank flooring will be installed. 438 Floral Ave also features a 50-foot deeded right-of-way along the northwest side of Towerview Apartments, currently servicing both 438 & 442 Floral Ave. Additionally, there are two unopened portions of road frontage each 60 feet wide, offering future access potential. This unique offering presents incredible potential for development, investment, or a private retreat, and buyers are encouraged to explore parcel consolidation and potential future access to city streets.