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    OFF-MARKET
    Commercial real estate

    150 Sackett Lake Rd, Monticello, NY 12701

    120.28 ac lot
    Property ID
    US63-0573434
    Property summary
    AI-generated overview

    This exceptional 120.28-acre property in Monticello, New York, presents a significant development opportunity in the scenic Hudson Valley. The land features rolling terrain and a tranquil pond, enhanced by four existing high-producing water wells. While previous preliminary approvals for a 300-townhouse development have expired, the existing zoning remains favorable for similar large-scale projects. This significantly reduces the initial planning hurdles for prospective developers. The property's strategic location offers easy access to Sackett Lake (a five-minute walk), Resorts World Casino and Hotel, Monticello Raceway, Katrina Resort & Waterpark, and the Bethel Woods Center for the Arts. Proximity to major highways ensures excellent connectivity. The asking price is $3,250,000. The property's APN is 4689-028-0-0001-032-000. This represents a unique chance to capitalize on the substantial groundwork already completed and realize the full potential of this remarkable site. The property is zoned for commercial, industrial, and residential uses.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 120.28 ac (5,239,397 SF)
    APN 4689-028-0-0001-032-000
    UPID US63-0573434
    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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