3 Fern Hill Road

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3 Fern Hill Road

Canaan, NY 12029
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • This commercial land parcel spans 6.4 acres in total.
  • Property is situated at 3 Fern Hill Road in Canaan.
  • The site provides versatile options for future commercial development projects.
  • Located within the Columbia County region of upstate New York.
  • Expansive grounds offer flexible layout opportunities for varied business uses.

What's Special

Development of this 6.4-acre commercial parcel at 3 Fern Hill Road provides a strategic foundation for business growth in Canaan, New York. Positioned within a quiet submarket of Columbia County, the site accommodates a variety of commercial enterprise applications, offering flexibility for investors or business owners looking to establish a footprint in the region. The expansive acreage allows for significant site planning, whether for retail, warehouse, or light industrial use, depending on local regulatory alignment. Canaan maintains a rural character while benefiting from proximity to major regional arteries that connect upstate New York and the Berkshires. This accessibility serves businesses requiring logistics connectivity or consistent traffic flow from surrounding communities. The substantial land area represents a blank canvas for projects seeking a centralized location in a growing corner of the Hudson Valley corridor, suitable for long-term hold or immediate development to meet current local commercial demand.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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