Approved PDD Land for
For Sale
$6,500,000
1 Alice Avenue, Watervliet, NY 12189
36-acre approved PDD for 230 units in Colonie.
Property Size36 SF
Lot Size36.26 Acres
Price / SF$180,555
Days on Market145
Property Features for 1 Alice Avenue
General Information
Standard status
Active
Size
36 SF
Lot size
36.26 Acres
Property subtype
Multifamily
Listing Agency:
CBRE - Albany
(518) 257-0430
Listed By:
Kyle Rueckert · License #10301211707
(518) 257-0430
Source:
Cbre
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 8 at 2:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Albany
Investment Insights
Based on property information with market context.
This property features a fully approved 230-unit Planned Development District (PDD) for sale in the Town of Colonie. Phase 1 is approved for 140 units of active adult multifamily housing, designed as a three-story building with full walk-out ground floor access. Phase 2 is approved for 90 units of assisted living, with the possibility of converting it to active adult multifamily housing. The property encompasses approximately 36.26 acres and is approved for active adult and assisted living. It is located in the Town of Colonie and offers convenient access to many amenities. The site provides views of Rensselaer County and is adjacent to a single-family neighborhood and multifamily residential complexes. Active adult living is intended for those 55 and older who desire independent living with access to resort-style amenities, community programs, and convenient services.
Key Highlights
- Approved for 230 units (140 active adult, 90 assisted living or potentially active adult multifamily).
- ±36.26 acres approved for active adult/assisted living.
- Phase 1 approved for active adult multifamily with walk‑out ground floor access.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 12189, NY
18,970
Population
9,887
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
3,060
Density / Sq Mi
$62,763
Median Household Income
$48,555
Median Earnings
$1,084
Median Rent
$199,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 36-acre approved PDD for 230 units in Colonie.
Where is this residential land & home lot located?
The property is located at 1 Alice Avenue Watervliet, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Approved for 230 units (140 active adult, 90 assisted living or potentially active adult multifamily).; ±36.26 acres approved for active adult/assisted living.; Phase 1 approved for active adult multifamily with walk‑out ground floor access.
