0 Richwood Dr Castleton-on-Hudson, NY 12033
This exceptional 4.28-acre commercial land parcel presents a prime development opportunity in Castleton-on-Hudson, NY. Located at 0 Richwood Drive, this relatively flat lot boasts excellent visibility and accessibility, with frontage on both Route 9 and Richwood Drive. The property is conveniently situated near I-90, with easy access via exits 11 and 12, placing it within close proximity to major transportation arteries. Its strategic location is further enhanced by its proximity to the Amazon traffic light, approximately 800 feet to the north. The existing PD-3 zoning allows for a diverse range of commercial uses, providing flexibility for various development plans. A significant advantage is the recently extended municipal water and sewer infrastructure readily available at Route 9, eliminating a major hurdle in the development process. This ready-to-develop site offers a unique combination of location, zoning, and infrastructure, making it an ideal investment for discerning developers seeking a high-impact commercial project in a thriving area. The asking price for this exceptional opportunity is $420,000. The property's address is 0 Richwood Dr, Castleton on Hudson, NY 12033, and is situated in Rensselaer County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.