Commercial Development Land in Schodack, NY

Located in the Capital Region of New York State and only 15 minutes from downtown Albany and Troy, this prime commercial development site is ideal for 1031 Tax Exchange, future shopping center, hotel-motel, retail center, office complex, medical facilities, indoor waterpark, trucking uses, warehouse facilities, outlet mall, and almost any other commercial use.

30+/- Acres on Route 9 (Eastside) - $50,000. per Acre 63+/- Acres on Route 9 (Westside) - under $45,000 per Acre MORE LAND AVAILABLE!

The 30 acre and 63 acre development parcels are part of a 300+/- acre Planned Development area that has been designated as such because of its prominent location on Route 9, in the town of Schodack just north of the Columbia County - Rensselaer County border. As new commercial development has moved out from the state capital in Albany and traffic has increased along the Albany to Boston corridor, the property has become even more important because of its close proximity to the last underdeveloped interstate exit ramp on I-90. This is one of the last pieces of prime development property located next to an Interstate interchange in the Capital District area of New York State. With only a small handful of residential properties in the same general area, community opposition would be minimal.

The traffic to the site and the development potential of the land increased dramatically when the New York State Thruway built an entrance/exit ramp (Exit B-1) onto Route 9, located about a mile from the property. Most recently, another highly traveled entrance/exit ramp (Exit 12) from Interstate I-90 was constructed even closer to the property. The site is also the "key" to providing access to some of the adjoining commercial properties in the area and the Buyers may be able to recoup some of the purchase price by permitting access to these other properties over this land at some future date. It also has a good water supply and 3 phase electrical power and optical cable lines are available.

THE CURRENT OWNERS' VISION:

A proposed Peacedale Eco-Village development would encompass approximately 300 acres owned by 5 individual owners who have commissioned a master plan that has been conceptually constructed by Brewer Engineering of East Greenbush New York. They have designed the properties around a comprehensive traffic and infrastructure plan, as well as projected placement of residential, commercial and some clean light industrial uses in appropriate areas. Retaining agricultural lands will be determined by the purchasers.

See Link below for the Master Plan of the 300 acre Peacedale Envelope and a Times Union Newspaper article

PEACEDALE VILLAGE MASTER PLAN

TIMES UNION: "SCHODACK PLANS FOR LAND PARCEL" MAY 11, 2011

As one of the primary landowners in the envelope, the current owners have a strong desire in marketing their property to construct the Peacedale envelope with a sustainable community concept. They have invested heavily in a master plan for the 300 acres regarding approved DOT traffic flow on a very busy 4 lane highway, next to a major double interstate connection. They are continuing to invest in sustainable community research and anticipate developing a plan to over lay on the existing traffic plan using consultants in this new exciting field. There are buildings being constructed today that actually produce more energy than they consume.

It is important to bring out that a modest 63 acre package purchase with buildings indicated on this website would only be required to get started. The ultimate mix will be determined by the purchaser of the 63 acre package, as there are no mandates involved with this purchase. In addition to the on site support of this development the area demographics clearly indicates generous peripheral support around the area even up to a 1 hour drive time.

If you do not see what you are looking for at first glance, try searching all of our real estate and business for sale websites using the GOOGLE search box below.

The Sellers have completed and will continue to do a substantial amount of ground work for the development of this project such as:

Infrastructure planning for one that could reach the engineering stage.
Wetland studies are on file for the project.
Tentative limited access points have been studied by NY DOT.
A major water storage tank in the 500,000 gallon range has been investigated by an engineering firm hired by the Owner who will donate land to the town for this purpose.
Perk tests have been taken in a 10 plus acre sand area for gray water disposal.
Optical cable as well as a huge electric power dedication runs through the middle of the property.

ADDED VALUE:

For those who are extremely value conscious, there are four elements to this sale that exceed the asking price:

The Value of a 1031 deferment for some one that has a sizable property for sale could defer the entire amount of capital gains tax into the Peacedale purchase.
The Value of the structures. Conservative estimates over a million dollars.
The Value of the internal Town Road (Peacedale Road) that traverses through the middle of the property and provides immediate shovel ready parcels. The construction of this road with electrical 3 phase service and optical cable we believe could not be duplicated for close to a million dollars. We are not talking about the thousands of feet of road frontage on Route 9 that fronts the property with wall to wall cars whizzing by 24/7.
The Value of the preservation/easement charitable donations on a bargain sale to individuals with generous incomes along with the other considerations stated above would most likely put one way over the top value wise regarding listed price and relative to all the other features the property holds and especially its proximity to 2 major interstate roads.