Hermes Rd Ballston Spa, NY 12020
- Land
- 232.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Hermes Rd
- Lot size
- 232.00 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 232-acre industrial land parcel presents a unique investment opportunity in Malta, New York. Located in Saratoga County, with a 12020 zip code, and zoned C-3 NYSERDA, this property boasts significant potential for development. The land is strategically situated near the Luther Forest Technology Park, a thriving hub of technological innovation. While a separate entity from the park, its proximity to Global Foundries, a leading computer chip manufacturer, offers unparalleled access to a growing industry. Existing site improvements include established physical structures, parking lots, and roadways, providing a solid foundation for future projects. Detailed information regarding five existing leases encompassing approximately 17.16 acres is available in the comprehensive Offering Memorandum, accessible online at www.HermesRoadLand.com. The Offering Memorandum also provides further details on lease terms. This property, established in 1975 by the New York Energy Research and Development Authority (NYSERDA), represents a rare chance to capitalize on the explosive growth and long-term investment potential of this dynamic region. The property's address is Hermes Rd, Ballston Spa, NY, and its APN is 230.-1-75.11, 230.-1-75.12, 230.-1-75.13. This is an exceptional opportunity for investors seeking a substantial land holding in a high-growth area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ballston Spa
- County
- Saratoga
- State
- New York
- Longitude
- -73.7694
- Latitude
- 42.9683
