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1502 Route 50 - Land Development: Sale / Lease

0.85 - 1.03 Acre Commercial Land Lots in Ballston Center, NY 12020

Investment Highlights

  • Heavy Vehicle Traffic
  • Surrounded by Daily Needs Generators

Property Facts

Sale Type Investment or Owner User
Sale Conditions
Ground Lease (Leased Fee)
  • Build to Suit
  • Redevelopment Project
No. Lots 2
Property Type Land
Property Subtype Commercial
Proposed Use Retail
Total Lot Size 1.88 AC

2 Lots Available

Lot 1

Lot Size 1.03 AC

For sale or development Two commercially zoned lots totaling 1.9 acres Both lots are served by a common boulevard offering access & signal from Route 67 & 50 Existing utilities on site include electric, public water, public sewer, and natural gas

Lot 2

Lot Size 0.85 AC

For sale or development Two commercially zoned lots totaling 1.9 acres Both lots are served by a common boulevard offering access & signal from Route 67 & 50 Existing utilities on site include electric, public water, public sewer, and natural gas

Description

Located in Saratoga County, Ballston Spa lies on the west side of I-87, just 9 minutes from Exit 12. In recent years, Ballston has been the fastest-growing municipality in Saratoga County, with 6.3% growth since 2020. (The Business Review) Ballston Spa has experienced a significant increase in housing development, with 530 building permits issued from 2021-2023. The neighboring Town of Malta (just 2 miles from site) has issued an additional 196 residential permits during the same time frame. Sites are proximate to Ballston Spa High, Middle and Elementary Schools, which have a total enrollment of 2,750 students. Within 6 miles of the site lies the headquarters of GlobalFoundries, a 1.7 million square foot semiconductor manufacturing and research center employing 2,500. GlobalFoundries recently secured approvals to construct an additional $11.6 billion manufacturing facility which will employ 1,500.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
414489-063-004-0001-014-000-0000
Land Assessment
$34,700
Improvements Assessment
$0
Total Assessment
$34,700

zoning

Zoning Code Mixed Use (Mixed Use Route 50/67)
Mixed Use (Mixed Use Route 50/67)
  • Listing ID: 34274413

  • Date on Market: 12/23/2024

  • Last Updated:

  • Address: 1502 Route 50, Ballston Center, NY 12020

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