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    OFF-MARKET
    Land

    0 Sackett Lake Rd, Forestburgh, NY 12701

    325 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional 325-acre development opportunity in Sullivan County, New York, situated on Sackett Lake Road, Monticello, NY 12701. This expansive property boasts stunning waterfront views and presents a unique chance to create a significant residential, recreational, or hospitality venture. The land is zoned SR (Suburban/Residential) and offers significant potential. A portion of the property, encompassing the north shore of Sackett Lake, has existing access to town infrastructure and sewer, allowing for the development of up to 69 homes as-of-right (per conceptual map). The remaining acreage can be subdivided into lots utilizing septic systems, or further density may be pursued through appropriate applications. This remarkable site represents a generational investment opportunity in the picturesque Catskill region, previously home to the Laurels Hotel and Country Club. Buyers are responsible for conducting their own due diligence. Note: Potential for development may be enhanced by combining this property with MLS 6325195.

    Property profile
    Verified
    Property type Land
    Lot 325 ac (14,157,000 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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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