3.06 Acres in Lansing, NY - $425,000

Prime Investment Opportunity in the Finger Lakes! Developers, investors, and entrepreneurs—don’t miss the opportunity to construct this shovel-ready, town-approved project for a 16-unit, 32-bed apartment complex in a high-demand rental market just minutes from Ithaca. Located only 5 miles from Cornell University and the City of Ithaca, 4 miles from Ithaca Tompkins International Airport and major shopping, 3 miles from scenic Cayuga Lake, and 2 miles from Lansing Central School District, this prime site offers municipal water, underground utilities, a few hundred feet to an 11-acre town park with ballfields and a playground. The approved plan features four well-designed buildings, each containing three spacious two-story apartments and one convenient single-level unit. Each residence includes multiple baths, a private garage, and separately metered utilities, ensuring long-term rental appeal and operational efficiency. Nestled off the main road for privacy yet close to essential amenities, this development offers an unbeatable combination of convenience, quality, and investment potential. Positioned in one of the fastest-growing counties in Upstate New York, this is a rare chance to capitalize on the thriving Finger Lakes region. The seller is open to serving as General Manager if desired, providing additional expertise and oversight. Approved and ready to build—secure your place in this booming market today! For sale is a 3 acre lot plus the approved project and engineering plans. Commercially zoned lot will also allow other uses.

Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.