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Archived almost 5 years ago

$690,000

1.0 rooms 1 ba

West Lydius Street, Schenectady, NY 12303

Other

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Land for Subdivision and Development

Looking for your next development project? Opportunity awaits outside NY's state capital of Albany, in this established town of Guilderland neighborhood off of Route 146 / Carman Road. Conveniently located just minutes from 890 and I-90 on-ramps, this parcel of land provides easy access to Albany, Schenectady, and surrounding areas, making this a prime location to build new homes. Your home buyers will also have access to the highly rated Guilderland School District.

There is potential space for up to 8 building lots on 3.8 acres, depending on how the land is subdivided. This parcel of land is zoned R15, which means a minimum lot size of 15,000 square feet is needed. Sellers do have a variance for smaller lot frontage. Subdivision approval will be required; please see the links section for a copy of the subdivision application and zoning information.

This corner lot has 670 feet of road frontage on Gari Lane, and 115 feet of frontage on West Lydius Street, allowing road access for each (subdivided) lot, and direct connection to the road for driveways.

Public water, sewer, electric and natural gas are available at the road. As an added bonus, there is a plentiful resource of sand on the edge of property.

*Room and bath count listed above are not accurate. Form does not allow input of 0 bedrooms and 0 bathrooms. There are no structures on the property; it is vacant land.

Location:

West Lydius Street, Schenectady, NY 12303

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.