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).

  • Development site spans 4.13 acres of commercial land.
  • Property is situated on Miller Road in Canaan.
  • Location offers connectivity within the Columbia County region.
  • Land allows for diverse commercial development and construction.
  • Site supports professional office or retail project types.

What's Special

This 4.13-acre parcel on Miller Road in Canaan, New York, presents a development prospect for commercial land use. Positioned within Columbia County, this site benefits from its accessibility to regional transit routes and the broader Hudson Valley corridor. The local economy relies on a blend of agriculture, tourism, and small-scale enterprise, making it a viable area for businesses seeking a quiet setting near significant population centers. Given the asset type and size, this land is well-suited for professional service offices, retail facilities, or specialty commercial operations requiring specific site configurations. Its scale provides sufficient footprint for infrastructure development while maintaining manageable maintenance requirements. Investors and developers will find this property captures the characteristic appeal of a growing rural-suburban market, offering utility for various commercial ventures looking to establish a footprint in this part of the state.

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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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