Property summary
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
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Alternative use
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