Albany Turnpike

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Albany Turnpike

Chatham, NY 12136
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 asset spanning 33 acres in Chatham
  • Located directly on Albany Turnpike for regional visibility
  • Versatile acreage suitable for multiple commercial development types
  • Expansive site located in the growing Hudson Valley region
  • Potential for mixed-use or large-scale commercial project development

What's Special

Development of this expansive 33-acre parcel on Albany Turnpike in Chatham, New York, offers significant potential for a wide range of commercial applications. Positioned within a scenic region of the Hudson Valley, this site provides ample acreage for investors or developers seeking to establish a presence in a growing professional or recreational market. The landscape allows for versatile site planning, making it suitable for mixed-use projects, large-scale retail, or hospitality ventures that benefit from the steady flow of regional traffic. Proximity to local transit routes enhances accessibility for future operations, ensuring that the development can serve both local residents and visitors traversing the corridor. This land provides a blank canvas for those looking to capitalize on the increasing interest in the upstate New York submarket, where demand for well-located commercial space continues to shift toward larger, accessible footprints. The scale of the property accommodates comprehensive site designs that align with the specific infrastructure requirements of modern business operations.

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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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