Property profile

0 Saddle Ridge Dr Hopewell Junction, NY 12533

OFF-MARKET
Land
79 ac lot
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Property summary

AI-generated overview

This exceptional 79-acre parcel presents a remarkable residential development opportunity in the highly sought-after East Fishkill Town, New York. A recent feasibility study indicates the potential for subdividing the land into approximately 27 individual lots, making this a highly attractive investment. The property's strategic location offers unparalleled accessibility and convenience. Bordering the Taconic State Parkway to the east provides easy commuting access to both New York City and Albany. Proximity to Route 376 and existing residential developments on Saddle Ridge Road further enhances its appeal. The land is also conveniently located near Gayhead Elementary School and Emmadine Pond Town Park, providing residents with access to excellent schools and recreational amenities. The potential for two entrance/exit points from Saddle Ridge Drive adds to the property's development potential. The Dutchess County location, with APN 132800-6457-04-991, offers a desirable setting for a new residential community. A survey is available for review. Note that a separate 19.5-acre mixed-use/commercial parcel with over 400 feet of Route 52 frontage is also available for purchase nearby. This 79-acre property, listed at $999,000, is a rare opportunity to capitalize on the strong demand for residential development in this area. The lot size is 79 acres, and the property is zoned for residential use. The address is Saddle Ridge Dr, Hopewell Junction, NY 12533.

Property profile

Verified
Property type Land
Lot 79 ac (3,441,240 SF)

Cap rate & NOI

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

Location

Saddle Ridge Dr Hopewell Junction, NY 12533
Hopewell Junction 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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