County Route 24

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County Route 24

Canaan, NY 12060
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 consists of 16.5 acres of commercial land.
  • Located on County Route 24 in Canaan, New York.
  • Property position offers access to regional interstate travel corridors.
  • Large parcel footprint accommodates diverse commercial development possibilities.
  • Positioned within a region linking Hudson Valley and Berkshires.

What's Special

This 16.5-acre commercial land parcel occupies a strategic position along County Route 24 in Canaan, New York. The site provides significant acreage for development in a region that serves as a vital corridor between the Hudson Valley and the Berkshires. Its positioning allows for accessibility to major regional transportation routes, benefiting from the steady flow of traffic between New York State and Massachusetts. Given the substantial size and open layout of the tract, the property is suitable for a wide range of commercial applications. Potential development paths include retail storefronts, service centers, or hospitality ventures designed to capture travelers moving through the area. Investors and business owners looking for developable land in a rural but well-connected corridor will find this site offers the necessary physical footprint for various long-term commercial 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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