328 Mercer Mountain Road

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328 Mercer Mountain 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).

  • The site encompasses 15.6 acres of commercial land.
  • Located at 328 Mercer Mountain Road in Canaan.
  • Property is situated within the 12029 zip code.
  • Commercial land is available for sale to investors.
  • Coordinates for the parcel are 42.3609 and -73.4718.

What's Special

Spanning 15.6 acres, this commercial land parcel located at 328 Mercer Mountain Road in Canaan, New York, presents a sizable footprint for development. The property sits within a region known for its natural landscapes and proximity to regional transit corridors, offering a strategic position for investors or developers seeking to establish a foothold in a growing suburban market. This expansive site is well-suited for a variety of commercial applications, ranging from hospitality ventures to professional service facilities that benefit from the accessibility of this specific location in the metro area. Given the acreage available, the site allows for flexible site planning to accommodate modern commercial infrastructure requirements. Prospective buyers have the opportunity to capitalize on the substantial land area to develop a project aligned with current market demand in this segment of New York. The surrounding area supports a consistent local economy, making this a practical choice for long-term commercial investment and ground-up development projects.

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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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