279 Washington St, Athens, NY 12015
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
03 - MULTI-FAMILY · Athens, NYAthens. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.