Lk Rdg - Macghee Rd Poughkeepsie, NY 12603
- Land
- 39.70 lot acres
Current Use by Public Records
- Land
Property Details for 0 Lk Rdg - Macghee Rd
- Lot size
- 39.70 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 39.7-acre property in Arlington, NY, presents a unique investment opportunity. Currently zoned for alternate senior housing, this land offers a fully approved concept plan for a 120-unit senior housing development. The meticulously designed plan includes a clubhouse, ample open space, and a picturesque walking trail encircling an existing pond. Two parcels, APN 133400-6260-04-700066-0000 and 133400-6260-04-755037-0000, comprise this strategically located site. The zoning board has already approved the initial plan, streamlining the development process. The project anticipates utilizing municipal water and an on-site wastewater treatment plant. Situated across from the Town of Lagrange Macghee Park and conveniently close to major routes, shopping centers, and other amenities, this location provides residents with a harmonious blend of suburban tranquility and easy accessibility. The asking price is $2,500,000, translating to $62,972 per acre. This represents a compelling opportunity to capitalize on the growing demand for senior housing in a desirable Dutchess County location. The property's strategic location and pre-approved plan significantly reduce development risk and accelerate the path to profitability. This is a turnkey opportunity for developers seeking a high-return investment in a thriving market. The zip code is 12603.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Poughkeepsie
- County
- Dutchess
- State
- New York
- Longitude
- -73.8674
- Latitude
- 41.6443
