Norton Road

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Norton 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).

  • Commercial land parcel available for acquisition on Norton Road.
  • Total site area encompasses 251 acres of space.
  • Located in the growing regional market of Canaan, New York.
  • Property dimensions accommodate large-scale development and commercial facility planning.
  • Strategic regional location supports diverse business and investment use cases.

What's Special

This commercial land offering on Norton Road in Canaan, New York, presents a significant acquisition for investors or developers seeking large-scale acreage. Spanning 251 acres, the property provides substantial horizontal space suitable for a range of commercial development projects or long-term land banking strategies. Canaan sits within a region characterized by its accessible connection to major regional transit corridors, making it a strategic point for regional distribution or specialized commercial enterprises. The size of the parcel allows for flexible site planning, accommodating potential large-footprint facilities or comprehensive development master plans. As the local market continues to evolve, this property serves as a foundational asset for those looking to capitalize on rural expansion and industrial growth. The expansive acreage ensures that developers have the necessary room to scale operations or subdivide the parcel to meet specific project requirements within the upstate New York market.

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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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