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23 South Street st - Maringoman

152.7 Acres of Commercial Land Offered at $6,500,000 in Washingtonville, NY 10992

Investment Highlights

  • Largest Vacant Land Parcel in Village
  • Solar income
  • Municipal Services

Executive Summary

Opportunity to own the largest open land parcel in the Village with full municipal services. There are two section block and lots. The rear parcel without the road frontage has a solar lease bringing in $30,000 yearly with bumps in rent. The main development land is approximately 50 acres of high dry land. There are 2 concept plans for either high density residential or commercial. Village is in a moratorium so this is for an investor or 1031 who is willing to control and wait for this parcel. Seller will only sell with hard money deposit.

Property Facts

Price $6,500,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Mixed Use
Total Lot Size 152.70 AC
Cross Streets State Route 208

1 Lot Available

Lot 2

Price $6,500,000
Price Per AC $42,567.13
Lot Size 152.70 AC

Largest land parcel left in the Village of Washingtonville with water and sewer. There are presently two proposals, one for a multi family subdivision and one for a commercial warehouse project. All are stalled due to a moratorium.

Description

Largest vacant land parcel left in the Village of Washingtonville with WATER AND SEWER. There are two contiguous parcels. 121-1-1.1 is 88.5 acres and the contiguous parcel of 64.5 acres is SBL 119-1-1.1. There was a full engineered plan done in the late 2000's for an age restricted high density housing development. Solar lease in place on the 64.5 acre property, which brings in $30,000 yearly and has yearly bumps in rent for 30 years. There are two concept plans, one showing multi family and the other commercial. Village is presently in a moratorium. Seller is keeping the old farmhouse and one outbuilding on new SBL 118-1-4, which is 3.43 acres.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
332001-121-000-0001-001.100-0000
Land Assessment
$168,700
Improvements Assessment
$221,100
Total Assessment
$389,800

zoning

Zoning Code Res 1 (40,000 sf single family residential as of right but in moratorium. Plans were for large planned adult community.)
Res 1 (40,000 sf single family residential as of right but in moratorium. Plans were for large planned adult community.)
  • Listing ID: 30473294

  • Date on Market: 12/28/2023

  • Last Updated:

  • Address: 23 South Street st, Washingtonville, NY 10992

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