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Property profile

1132-1148 Rte Gansevoort, NY 12831

OFF-MARKET
Land
23.2 ac lot
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Property summary

AI-generated overview

This exceptional ±23.2-acre industrial land parcel presents a compelling investment opportunity in Moreau, New York (Gansevoort mailing address). Strategically located on Route 9, this property boasts ±865 feet of road frontage and enjoys high visibility with an AADT traffic count of 6,965 vehicles. The M-2 zoning permits a variety of industrial uses, including light manufacturing, assembly, research operations, wholesale and storage, laboratories, and office buildings. The owner is willing to subdivide the land to accommodate various project sizes. Development standards allow for 60% lot coverage and structures up to 60 feet in height. The property's convenient location offers easy access to major transportation arteries, being approximately 1.2 miles from Exit 17N of the Adirondack Northway (I-87). This prime location is also within five miles of established industrial and manufacturing businesses, such as Target Distribution Center, Ace Hardware Distribution Center, and RASP Inc. Manufacturing. The property's size, zoning, and location make it ideal for a wide range of industrial and commercial developments. The asking price for this significant land holding is $695,000. The Assessor's Parcel Number (APN) is 89.-2-8.1.

Property profile

Verified
Property type Land
Lot 23.2 ac (1,010,592 SF)

Cap rate & NOI

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

Location

1132-1148 Rte Gansevoort, NY 12831
Gansevoort metro
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Value estimations

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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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