This exceptional 29.26-acre commercial land parcel presents a remarkable development opportunity in Rensselaer, NY. Located at 96 Partition Street, this property boasts convenient access to major transportation arteries, including Interstates 787 and 90, ensuring seamless connectivity. Previously approved for a substantial 178-unit apartment complex, this site offers significant potential for high-density residential development. The asking price is $1,400,000, translating to a land value of $1.10 per square foot. Its strategic location offers easy access to shopping and is within walking distance of downtown Rensselaer, providing residents with a vibrant urban lifestyle. Enjoy breathtaking views of the Albany skyline, adding to the property's desirability. The site's zoning and prior approvals streamline the development process, minimizing potential delays and maximizing return on investment. This is a rare chance to acquire a large, well-situated parcel in a thriving New York community, ideal for developers seeking a high-impact project. The property is situated in Rensselaer County, New York, with a zip code of 12144. Detailed site plans and prior approvals are available upon request. This prime location offers unparalleled potential for a lucrative development venture.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$362,410,368
Hospitality
$331,965,952
Educational
$276,191,776
Medical
$285,690,432
Retail
$429,631,616
Location Insight
City
Rensselaer
County
Rensselaer
State
New York
Latitude
42.6424
Longitude
-73.7331
CBSA code
10580
CBSA name
ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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