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    OFF-MARKET
    Office buildings

    279 Washington St, Athens, NY 12015

    1,200 SF 89.45 ac lot Built 1985
    Entity Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-4297712
    Property summary
    AI-generated overview

    Exceptional 89.42-acre commercial land parcel presents a remarkable development opportunity in Athens, New York. This pristine property boasts a prime location, steps from the Hudson River's west bank, and offers convenient access to major transportation arteries. Currently zoned for single-family and two-family residential development, the land has preliminary concept approval for an 18-lot residential subdivision in its first phase. Public water and sewer services are available, simplifying infrastructure development. The site's strategic location between New York City and Albany provides easy access to a large and diverse population base. Within minutes of the Hudson Amtrak station and NY State Thruway (I-87), this location offers unparalleled convenience. Nearby amenities include the Athens boat launch, historic downtown Athens, the City of Hudson, and a wealth of restaurants, bars, breweries, and wineries. Adjacent to a resort-style lakefront community, this property offers a unique blend of natural beauty and urban accessibility. The asking price is $989,000, translating to $11,000 per acre. Don't miss this chance to acquire a truly exceptional development site.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1985
    Total area 1,200 SF
    Lot 89.45 ac (3,896,442 SF)
    Zoning code 03 - MULTI-FAMILY
    APN 192201 122.07-2-36
    UPID US63-4297712
    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
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Jmmj 2 LLC · 8 yrs held
    Jmmj 2 LLC
    since 2018
    Last sale
    $400,000
    2 recorded transactions
    2018
    $325,000
    2015
    $372,736
    Zoning & alternative use
    03 - MULTI-FAMILY · Athens, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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