ITHACA, N.Y. — Call it a sign of continued interest in Ithaca’s evolving West End.
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The former Wyllie Dry Cleaners, located at 109 North Corn Street just north of Mimi’s Attic (and the Ithaca Voice’s office), was sold at auction on January 14th. The sale of the property was finalized last Friday.
Brzostek’s Real Estate Auction Company of Baldwinsville handled the auction. According to their website, the property sold for $201,300, with five bids put forth on the vacant property. The actual sale itself was for $183,000, but the buyer also paid a 10% “Buyer’s Premium”. The dry cleaning equipment was also auctioned off.
Even with the competition of bids, the property still went for a price below the tax-assessed value of $215,000. For their purchase, the buyer receives a two-story 4,879 square-foot commercial building built in 1980, and a 19-space parking lot on about 0.24 acres. The property had been owned by the Wyllies since 1971.
They buyer was an LLC registered to the business address of local landlord Edward Cope of PPM Homes. Recently, Cope has been looking to add “developer” to his business activities, with plans approved last December for a 12-unit, 4-building apartment project at 215-221 West Spencer Street on South Hill. Cope has also partnered with local architect Noah Demarest to build a zero net-energy house currently underway at 228 West Spencer Street.
According to city documents, zoning on the property is split virtually in half between B-2d zoning on its north flank, and CBD-60 on it south flank. CBD-60 allows for a 60-foot building with 100% lot coverage and no parking. B-2d allows for a 4-story, 40-foot building with 75% lot coverage, and no off-street parking if the building’s at least 60% occupied by residential space (city zoning can get a little complicated). 109 North Corn Street falls into the State Street corridor that the city has been trying to focus development towards for the past few years.
A request for comment was not returned. If the Voice gets word of any plans, we’ll be sure to share it with our readers. Since it’s right out our windows, it would be the easiest construction progress article one could imagine.
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