Miller Road

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Miller 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 property encompasses 60 acres of commercial land in Canaan.
  • Located on Miller Road with direct site accessibility.
  • The land supports diverse commercial development and site planning.
  • The site is positioned within the scenic Hudson Valley region.
  • Suitable for hospitality, retail, or industrial distribution use cases.

What's Special

Spanning 60 acres, this commercial land parcel on Miller Road represents a significant development prospect in Canaan, New York. The site provides ample room for a variety of commercial applications, situated within a region known for its pastoral character and proximity to the Berkshire Mountains. Its expansive footprint allows for flexible master planning, catering to investors or businesses seeking to establish operations in a growing corridor of the Hudson Valley. Local economic activity in this part of New York benefits from regional connectivity, making the property suitable for retail, distribution, or hospitality projects. The acreage affords developers the capacity to design substantial site plans that align with the surrounding land use patterns. As an asset, this plot provides a foothold in a quiet but accessible market, offering potential for long-term growth and infrastructure investment in a semi-rural setting.

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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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