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    OFF-MARKET
    Land

    245 Nichols St, Carmel Hamlet, NY 10512

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    Property summary
    AI-generated overview

    This exceptional 135-acre development site, located at 245 Nichols St, Carmel Hamlet, NY 10512, presents a unique opportunity for large-scale industrial development. Zoned PUD (Planned Unit Development) in Putnam County, this expansive parcel of rolling land offers unparalleled potential for a substantial warehouse and/or office complex. Preliminary approvals are in place, streamlining the development process. The property boasts convenient access to major transportation arteries, including Route 52, Interstate 84, and Interstate 684, ensuring seamless logistics and efficient distribution networks. Its proximity to railway lines and airports further enhances its strategic location and accessibility. This prime location allows for the construction of over 400,000 square feet of warehouse space, making it an ideal investment for developers seeking a significant project with high returns. The property's size and strategic location make it a rare find in the thriving New York market. Contact us today to discuss pricing and explore the possibilities of this exceptional development opportunity. This is a truly remarkable chance to acquire a substantial land parcel with significant development potential in a highly desirable location.

    Property profile
    Verified
    Property type Land
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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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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