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Property profile

841 New York State Rte Ballston, NY 12027

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 2.7-acre parcel, located at 841 New York State Route 50 in Ballston, New York, presents a unique investment opportunity. Priced at $159,000, this mostly cleared lot boasts a highly desirable location on busy State Route 50, situated conveniently between the Burnt Hills Post Office and Countryside Chimney and Stove. The property is zoned for a variety of commercial mixed uses, including apartments, one- or two-family dwellings, municipal buildings, retail establishments, and other business types. Public water access is available, simplifying development plans. While a portion of the property towards the rear, near a wooded area, contains wetlands, the majority of the 117,612 square foot lot is readily usable. This presents a significant advantage for developers seeking a versatile location with established infrastructure. Note that an adjacent 5.7-acre lot is also available for purchase separately, offering potential for expansion or a larger-scale development project. The property falls within the Burnt Hills-Ballston Lake Central School District (BHBL), a key consideration for residential development. This prime location and flexible zoning make this property an attractive prospect for a wide range of commercial and residential ventures. Serious inquiries are encouraged.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

841 New York State Rte Ballston, NY 12027
Ballston 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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