Technical
Financial
Distress signals
Property profile

864 Rte Gansevoort, NY 12831

OFF-MARKET
Land
33.32 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 33.32 ac (1,451,419 SF)

Cap rate & NOI

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

Location

864 Rte Gansevoort, NY 12831
Gansevoort 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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