THE GRAY RIDER Real Estate Co.

63+/- ACRES OF PRIME DEVELOPMENT PROPERTY


$3,750,000.


prime development property for sale
Aerial View with Adjoining Properties - some of which are also available

This offering of commercial-industrial land, also known as the former Peacedale Farms, consists of 63+/- acres of partially developed land on the west side of US Route 9. The entire site is prime development land because of its prominent location on Route 9, just north the Columbia County - Rensselaer County border. Although it has always been at the forefront of local commercial activity, as new commercial development moves out from the state capital in Albany and traffic increases along the Albany to Boston corridor, the property has become even more important to the Capital District area of New York State.

The traffic to the site and the development potential of the land increased dramatically when the New York State Thruway built an entrance/exit ramp (Exit B-1) onto Route 9, located approximately a mile from the property. Another highly traveled entrance/exit ramp (Exit 12) from Interstate I-90 was constructed even closer to the property. The above two major roads exit just north of this property. The properties in the immediate area near these two exit ramps are the last undeveloped commercial areas located near an I-90 exit ramp in the Capital Region. Combined with the existing 4,000+ feet of road frontage on State and Town roads that already existed, this parcel of land has now become an even more important property for commercial/industrial development. The site is also the "key" to providing access to some of the adjoining commercial properties in the area and the Buyers may be able to recoup some of the purchase price by permitting access to these other properties over this land at some future date.


Suggested Retail Development of the Property

The Buildings on the Property

CLICK HERE TO GO TO THE PEACEDALE VILLAGE WEBSITE


If you would like more information on this property, please call John Wallace at 518-392-7062, or click on the mailbox below to email him.

Mailbox for Email
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