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Route 8 & I-87 - Interstate Exit Near Lake George

30 Acres of Commercial Land Offered at $2,400,000 in Chestertown, NY 12817

Investment Highlights

  • Located directly at Interstate Exit!! Near regional public school and a Stewart's Shop. Electric power at site.
  • ***Price Reduction - FIRST EVER
  • Traffic volume is millions of vehicles per year. Surveys complete!

Executive Summary

30 ACRES, IMMEDIATELY ADJACENT TO I-87 [Adirondack Northway] EXIT, 1900' frontage along Interstate, one mile visibility, mostly flat, sandy soils, surveys complete, soil tests completed, 2300 feet of frontage on major trout stream. [The "diamond-shaped location indicator on the map online is not correct. The blue shaded area is correct] Adirondack Park "Hamlet" designation permits high intensity commercial use. with no density limitations. The remainder of the property is zoned as "Moderate Intensity" - requiring 1.3 acres per principal structures. Same owner since 1967. DEVELOPER MAY SUBDIVIDE and NEW OWNER MAY SUBDIVIDE. Municipal water very close. Believed to be last undeveloped, commercially zoned property at an Interstate Exit between Lake George and Plattsburgh. Perfect for hotel(s), restaurant, outdoor recreation retail center, travel center, condos, vacation units. Listing agent is president and majority stockholder of corporate owner. All deed restrictions against sale of petroleum products have expired!! MOTIVATED SELLER - ready to negotiate price and all terms. PLEASE SEE DETAILED BROCHURE UNDER "DOCUMENTS" ON THIS SITE.
At intersection of Adirondack Northway [I-87] and State Route 8, between Albany, New York and Montreal, Canada. Near LAKE GEORGE and LAKE PLACID, NY. Highly visible adjacent to Stewart's Shops Convenience store, 1/4 mile to modern regional school complex. Current traffic volume is millions of vehicles per year, mostly long distance travelers.
High visibility, wonderful opportunity for a major single project or build hotel/motel/restaurant/travel center and/or boat and RV Storage business, or temperature controlled indoor storage, or other retail. Corporate owner will consider stock sale at lower price.

Property Facts

Price $2,400,000
Sale Type Investment
Sale Conditions
1031 Exchange
  • Lease Option
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Hospitality
  • Bank
  • Convenience Store
  • Distribution
  • Healthcare
  • Hold For Development
  • Medical
  • Motel
  • Restaurant
  • Retail Warehouse
  • Service Station
  • Storefront, Retail or Office
  • Supermarket
Total Lot Size 30.00 AC

1 Lot Available

Lot

Price $2,400,000
Price Per AC $80,000
Lot Size 30.00 AC

30 acres located immediately at Interstate Exit. 1900 foot frontage along Interstate. 2300 foot frontage on major trout stream. Electric power at site. The zoning is mostly "Hamlet", which has no density restrictions. Soil tests completed.

Description

Vacant parcel with 1900' frontage along Interstate. Directly at exit! Sandy soils. Test pits have been finished and recorded. Surveys included. An ideal location for any businesses that serve the traveling public. Best use is as a travel center - with a restaurant and a hotel. A possible location for Adirondack vacation condos, self-storage [various modes]. PERHAPS an "Adirondack" style second home project.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
522400-104-000-0001-004-000-0000
Land Assessment
$76,000
Improvements Assessment
$0
Total Assessment
$76,000

zoning

Zoning Code Hamlet/Moderate Density (HAMLET zone has no density limitations.)
Hamlet/Moderate Density (HAMLET zone has no density limitations.)
  • Listing ID: 12228344

  • Date on Market: 1/19/2007

  • Last Updated:

  • Address: Route 8 & I-87, Chestertown, NY 12817

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