87 Lona Ln Rensselaer, NY 12144

This exceptional 0.21-acre parcel, located at 85 & 87 Lona Lane in Rensselaer, New York (zip code 12144), presents a unique investment opportunity. The property, identified by APN 154.4-16-14, is zoned R-2 and offers the approved plans for the construction of two townhomes. Preliminary plans indicate that these townhomes will range in size from 1,540 square feet to 1,656 square feet, catering to a growing demand for residential housing in the area. The land is conveniently situated near the East Campus of Regeneron, a significant employer in the region, making it an attractive location for potential residents. Existing utilities are already in place, including water, sewer, and gas lines, significantly reducing development costs and streamlining the construction process. This ready-to-build site offers a compelling opportunity for developers seeking a straightforward path to creating high-demand residential units in a desirable location. The asking price for this exceptional property is $60,000. This represents a significant value proposition given the approved plans, existing utilities, and proximity to key employment centers.