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Property profile & analytics
OFF-MARKET
Land

50 Chelsea Rd Chelsea, NY 12590

185.83 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 185.83-acre property presents a unique development opportunity in Wappingers Falls, NY. Approved for a 17-lot residential subdivision, this expansive land parcel boasts two coveted riverfront lots, offering unparalleled views and desirability. The property is zoned R-40/80, providing flexibility for a variety of residential development plans. Significant pre-development work has already been completed, including $100,000 in tree clearing, significantly reducing upfront costs and expediting the development process. Strategically located on Chelsea Road and River Road, this land enjoys exceptional access to major transportation arteries. It's just 8 minutes from US Route 9, 8 minutes from the Newburgh-Beacon Bridge, 9 minutes from the New Hamburg Metro-North station, 10 minutes from Interstate 84 (Exit 46), and 11 minutes from the Beacon Metro-North Train Station. This prime location offers future residents convenient access to commuting options, shopping, and recreational activities. The asking price for this remarkable development opportunity is $2,100,000. Don't miss this chance to acquire a substantial and well-situated land parcel poised for immediate development. The existing infrastructure improvements and strategic location make this an exceptional investment.

Property profile
Verified
Property type Land
Lot 185.83 ac (8,094,755 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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