864 Rte Gansevoort, NY 12831
This exceptional 33.32-acre parcel, located at 864 Route 9 in Gansevoort, New York (zip code 12831), presents a unique investment opportunity. Zoned Rb-1 Res/Bus, the property offers potential for both residential and commercial development. While a significant portion of the land is vacant, available surveys and maps detail the acreage. A smaller area is suitable for development, contingent upon securing necessary governmental approvals. Importantly, a conceptual plan for a small commercial building already exists, providing a potential starting point for future development. The property's strategic location along Route 9 in Saratoga County ensures high visibility and accessibility. The asking price for this expansive land holding is $125,000. This represents a compelling opportunity for developers seeking a foothold in a desirable New York location. Interested parties should conduct their own due diligence regarding zoning regulations and development possibilities.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.