HISTORICAL REAL ESTATE AUCTION! “Possible Limited Historic Commercial Zoning”
1296/1298 Rt. 96, Ithaca, NY 14850 (Tompkins County) (T-Ithaca, NY –Finger lakes Region)
Thursday October 11 at 5:30 PM * Preview Begins at 4:30 PM
Historic Property * INVESTMENT OPPORTUNITY
Same owner since 1970! For the Grippi Revocable Trust
1st TIME ON THE MARKET at AUCTION!
Directions: From the center of Ithaca, NY: GO North on NYS RT. 96/ Trumansburg Rd (3) miles to Auction on the LEFT. Signs posted.
Real Estate Open House: Tuesday October 9 from 4:30 – 6 PM & 1 hour prior to auction. Walk the lot the lot at your convenience.
Real Estate: The one and only historic Hayts Chapel and Schoolhouse. (Both on National registry). Currently rental unit in the schoolhouse: Chapel is an art studio w/ numerous possibilities as ZONING may possibly be Limited Historic Commercial.
Principal uses authorized by special permit are: club house/ bed & breakfast/ church/ school/ library/ museum/ nursery school/ visitor center/ retail food store/ ice cream shop/ florists/ arts & crafts/ gallery/ photo store/ pharmacy/ bakery/ bookstore/ antique shop/ jewelry sales/ musical instrument sales/ bank/ barber shop/ coffee shop/ restaurant/ caterer/ optician/ interior decorator/ repair shop/ tailor/ massage therapy/ picture framing/ medical/ dental/ Gov. office & adult day care! See below FOR TOWN ZONING.
Property is on the national registry. Owners have never accepted financial help from the registry, so there are no restrictions on the property by the national registry. Owners want to “save the chapel” due to the historical significance by keeping the exterior of the chapel undisturbed for at least 10 years. In the early years the chapel had ties to the Abolition movement and underground railroad system and was dedicated to human freedom. The chapel served abolitionists meetings prior to its completion. Chapel was built in 1847 by ardent Abolitionists and Schoolhouse is pre 1847. History in books and articles.
Sells with 1,944 total rentable SQFT Living area! Located on .48 acre of land w/ 307’ of road frontage in the TOWNSHIP of Ithaca in Ithaca schools. Nicely Located only 3 miles to downtown Ithaca, 22 miles to Cortland, NY & across the road from the Cayuga Medical Center! A WONDERFUL LOCATION w/ numerous possibilities for serious investors! Possibilities for business use w/ town approval of property as historic commercial zone w/ access on Rt 96 and Hayts Rd. Parking plan for 10 cars. Presently Zoned: MDR- (Medium Density Residential). The chapel can easily be converted to living quarters providing 2 total units of income. Nowhere will you find a property such as this w/ the special zoning in place in a high traffic QUALITY location. Opportunity of a lifetime.
CHAPEL: Greek Revival style w/ 1,104 SQFT 1 large room w/ hardwood floors, kitchen area w/ lin. Floor, raised cabinets & ss sink. Full bathroom w/ tile floor, bath tub & sink. currently used as an artist’s studio w/ 10 ‘ ceilings, Bryant hot air furnace, 40 gallon H2o heater, security lights, very symmetrical, gutter system, stone foundation, attic, sep. elec. Meter, storm windows, pantry w/ pipe access, 2 entrances, updated 100 amp elec. Owners want to “save the chapel” due to the historical significance by keeping the exterior of the chapel undisturbed for at least 10 years. Read the prepared deed w/ covenant.
SCHOOL HOUSE: 840 SQFT currently rented month to month for $670 per month. Tenant pays heat, elec., phone, TV, water & internet. Crawl space basement, original wooden flag pole, chimney w/ liner, wood sided, sep. water & elec. Meters, vented roof, Bryant NG furnace, 40 gal H2O heater, ant. Tin ceiling, hardwood floors, full bathroom, kitchen w/ dbl ss sink, raised cabinets, elec. Stove, refr., lin floor in kitchen, closet area w/ closet in the closet! 2 entrances & updated 100 amp elec.
- Tax map #: (24.-4-2)
- Chapel Built in 1856 w/ 1104 total SQFT
- School house Built in 1826 w/ 840 total SQFT
- Total assessed @ $75,000
- Uniform %= 100%
- Property class= multiple residence
- Ithaca Schools. 2011 taxes paid by seller = School/Town/County: $2,474
Chapel and schoolhouse are both listed on national registry and both are on one parcel, .48 acres, both structures are on private septic systems, public water, surrounding land uses include: cemetery, west hill aptmts, doctor’s office, Cayuga medical center, county Biggs complex and a home. The route 96 corridor study confirms that this is a development focus area in Ithaca. Lot size is 109 x 198 x 123 x 185. Beautiful landscape all fenced in.
Standard Real Estate Auction Terms: 10% Buyer’s Premium added to final bid to equal the Total Purchase Price. 10% down on day of auction, with the remainder due at closing within 60 days. Time is of the essence. Bargain & Sale Deed. Property sells “As Is, Where Is”. All test required must be done prior to auction day. All statements at auction take precedence over printed material. Real estate to be sold free & clear with NO liens, NO back mortgages & NO back taxes owed! Auctioneer agency represent s only the sellers. Lead paint may exist.
Zogg Brothers Note: An outstanding opportunity to buy a historical investment property in Ithaca, NY! INVEST IN REAL ESTATE, you will be glad you did! The time to buy is NOW! Very rare opportunity to set your price! Same owners for 42 years ! Come and bid your price the AUCTION WAY! Ithaca/Cortland, NY auction, Ithaca/Cortland, NY auctioneers, Tompkins County real estate auctions, Tompkins county auctions, Tompkins county auctioneers, NY state auctioneers, Fingerlakes region, NY auctioneers, Ithaca/Cortland, NY estate auction, Ithaca/Cortland, NY estate auctioneers, Tompkins county estate auctioneers.
