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    50 Chelsea Rd Chelsea, NY 12590

    Sponsored
    For Sale
    $2,100,000

    17-lot subdivision, 2 riverfront lots, R-40/80 zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 185.83-acre property presents a unique development opportunity in Wappingers Falls, NY. Approved for a 17-lot residential subdivision, this expansive land parcel boasts two coveted riverfront lots, offering unparalleled views and desirability. The property is zoned R-40/80, providing flexibility for a variety of residential development plans. Significant pre-development work has already been completed, including $100,000 in tree clearing, significantly reducing upfront costs and expediting the development process. Strategically located on Chelsea Road and River Road, this land enjoys exceptional access to major transportation arteries. It's just 8 minutes from US Route 9, 8 minutes from the Newburgh-Beacon Bridge, 9 minutes from the New Hamburg Metro-North station, 10 minutes from Interstate 84 (Exit 46), and 11 minutes from the Beacon Metro-North Train Station. This prime location offers future residents convenient access to commuting options, shopping, and recreational activities. The asking price for this remarkable development opportunity is $2,100,000. Don't miss this chance to acquire a substantial and well-situated land parcel poised for immediate development. The existing infrastructure improvements and strategic location make this an exceptional investment.

    Property Features for 50 Chelsea Rd

    General Information

    Property type
    Land
    Lot Size
    8,094,755 SF

    HighLights

    • $2,100,000 asking price for 185.83 acres of land.
    • Approved 17‑lot residential subdivision.
    • R‑40/80 zoning.
    • Two riverfront lots included.
    • $100,000 in tree clearing already completed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Wholesale Shop Hotel & Motel Gym & Fitness Department Store Food Market Grocery Store Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Dutchess
    State
    New York
    Longitude
    -73.9657217
    Latitude
    41.5520721

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    FAQs

    What type of property is this?
    Land - 17-lot subdivision, 2 riverfront lots, R-40/80 zoning
    Where is this land located?
    The property is located at 50 Chelsea Rd Chelsea, NY.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: $2,100,000 asking price for 185.83 acres of land.; Approved 17-lot residential subdivision.; R-40/80 zoning.
    Request Owner's contact information
    50 Chelsea Rd Chelsea, NY 12590
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    Chelsea, NY 12590
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50 Chelsea Rd Chelsea, NY 12590
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