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Property at Cayuga Vista Drive, Lansing, NY 14882
ACTIVE
$75,000
$350,000

Cayuga Vista DriveLansing, NY, 14882

LandMulti Family3.06 Acres
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.
1 / 21

Est. Monthly

$1,659/MO

$350,000
$75,000

Cayuga Vista Drive, Lansing, NY

LandMulti Family3.06 Acres

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.

StatusActive
Property TypeLand
Property SubtypeMulti Family
Days on Market492 days

Est. Monthly Payment

$1,658.99

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

Cayuga Vista Drive

Lansing, NY 14882 • Tompkins
—
Beds
—
Baths
—
SqFt
3.06
Acres
Status
Active
Property Type
Land
Property Subtype
Multi Family
Days on Market
492 days
Tax History
Estimated values, may not reflect current amounts.
  • Annual Tax Amount
    $1,144
Property History
  • Price reduced
    Jul 31, 2025 • NYSAMLS • R1587595
    $425,000 → $350,000
  • Listed for sale
    Feb 7, 2025 • NYSAMLS • R1587595
    $425,000
Mortgage Calculator
Estimated monthly payment for this property
$1,658.99
Down Payment
Interest Rate
Loan Term
%
%
yearsyrs.
Affordability Checkoptional
$

Enter your annual income to see if this home fits your budget

Private Mortgage Insurance

Not required — down payment above 20%
MLS Information
  • Source
    NYSAMLS
  • MLS#
    R1587595
  • Listing Office
    Warren Real Estate of Ithaca Inc. (Downtown)
  • Last Updated
    23 days ago

Lot & Grounds

  • Lot Size
    3.06 acres
  • Lot Features
    • Corner Lot
    • Other
    • Rectangular
    • Rectangular Lot
    • Residential Lot
    • See Remarks
    • Cleared
    • Level
  • Exterior Features
    • Dirt Driveway
    • Gravel Driveway

Type

  • Property Type
    Land
  • Property Subtype
    Multi Family

Condition

  • Days on Market
    492 days
  • Water
    None
  • Sewer
    Septic Approved
  • Utilities
    • Cable Available
    • High Speed Internet Available
    • Phone Available
    • Electricity Available
    • Water Available

607-282-6242, (607) 282-6242, or +1 607 282 6242

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

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