Property profile

2960 Atlantic Ave Stottville, NY 12172

OFF-MARKET
Commercial real estate
2 SF 7 ac lot Built 1998
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Property summary

AI-generated overview

This exceptional 7-acre property located at 2960 Atlantic Avenue in Stottville, New York, presents a unique investment opportunity. The existing structure, while small at only 2 square feet, sits on a substantial parcel of land offering significant potential for expansion. A key feature of this property is the existing zoning allowance for up to twelve additional apartments on the rear 2-acre portion of the land. This "grandfathered" zoning designation provides a significant advantage, streamlining the development process and potentially reducing permitting hurdles. The substantial acreage provides ample space for a variety of development projects, from multi-family residential to potentially mixed-use developments, subject to local regulations and approvals. The property's location in Stottville offers access to local amenities and infrastructure. This is a rare chance to acquire a large parcel of land with pre-approved development potential in a desirable location. The asking price of $975,000 reflects the significant upside potential inherent in this property. Serious inquiries are encouraged to explore the possibilities and unlock the full potential of this remarkable investment. Detailed zoning information and development plans are available upon request. This is a prime opportunity for investors seeking substantial returns.

Property profile

Verified
Property type Commercial real estate
Year built 1998
Total area 2 SF
Lot 7 ac (304,920 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2960 Atlantic Ave Stottville, NY 12172
Stottville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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