Property profile

971 Ny-67 Ballston Spa, NY 12020

OFF-MARKET
Mixed-use properties
1.19 ac lot
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Property summary

AI-generated overview

This exceptional 1.19-acre development site, located at 971 Route 67 in Ballston Spa, New York, presents a compelling investment opportunity. Zoned for mixed-use development, this property offers unparalleled flexibility for a variety of commercial or residential projects. Situated on a highly trafficked section of Route 67 (over 16,500 vehicles daily), this location boasts exceptional visibility and convenient access to I-87 Exit 12. The property benefits from public water access and is surrounded by a thriving community with strong potential for customer growth. Nearby developments, including Mabey's Self-Storage and WellNow, highlight the area's ongoing expansion. This prime location, coupled with the favorable mixed-use zoning, makes it ideal for entrepreneurs seeking to capitalize on the area's rapid growth. The asking price is $300,000. Note that additional land is available at the adjacent property (967 Route 67). This is a rare opportunity to acquire a substantial parcel in a desirable location with significant development potential. The property's strategic location and zoning regulations provide a solid foundation for a successful venture. Serious inquiries are encouraged.

Property profile

Verified
Property type Mixed-use properties
Lot 1.19 ac (51,836 SF)

Cap rate & NOI

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

Location

971 Ny-67 Ballston Spa, NY 12020
Ballston Spa metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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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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