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9 Spruce Dr
New City, NY 10956
Residential or Commercial Development · Land For Sale · 1.30 AC

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Investment Highlights

  • Prime Investment Opportunity
  • ZONING CHANGE (H3): NOW ALLOWS RESIDENTIAL DEVELOPMENT
  • Utilities include gas ,sewer and electric

Property Facts

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 1.30 AC
Zoning H3 - Hamlet transitional commercial spaces - intended to offer goods and services that are needed by a larger segment of the Town

1 Lot Available

Lot

Price $1,295,000
Price Per AC $996,153.85
Lot Size 1.30 AC

Description

ZONING CHANGE (H3): NOW ALLOWS RESIDENTIAL DEVELOPMENT Located off Main Street, New City close to residential neighborhoods and commercial areas and highways. The site has a strong daily traffic count of 13,000 vehicles daily along N Main Street. Development of the site could include a 10,000 SF building for uses such as medical facility, child daycare center, professional offices, residential townhouses and many more. The median HH income of $128,815 within a 1 square mile. New City, New York offers several commercial development opportunities that align with the trends in medical services, childcare, swim pools, professional offices, religious centers, and other commercial real estate sectors. Here are some potential areas of interest for commercial development in New City: Medical Services: With the growing demand for healthcare services, establishing medical facilities can be a lucrative investment. Consider developing a multi-specialty clinic, outpatient surgical center, or diagnostic imaging center to cater to the local population's medical needs. Childcare Facilities: New City, like many other places, has a demand for quality childcare services. 9 Spruce Drive offers a redevelopment opportunity of 1.3 Acres in H3 zone in Rockland County. Located off Main Street, New City close to residential neighborhoods and commercial areas and highways. The site has a strong daily traffic count of 13,000 vehicles daily along N Main Street. Development of the site could include a 10,000 SF building for uses such as medical facility, child daycare center, professional offices..etc. The options are endless. Median HH income of $128,815 within a 1 square mile. New City, New York offers several commercial development opportunities that align with the trends in medical services, childcare, swim pools, professional offices, religious centers, and other commercial real estate sectors. Here are some potential areas of interest for commercial development in New City: NEW ZONING NOW ALLOWS: 13 Townhouses/Apartments 8 x 2 Bedrooms 5 x 1 Bedrooms 500-1250 Square Feet Living Space 1 1/2 Parking Spots for 1 Bedroom 2 Parking Spots for 2 Bedroom First Floor Garage & Storage Room Second & Third Floor Living Space Maximum 35' building height Estimated Annual Gross Revenue $500,000-$550,000 Medical Services: With the growing demand for healthcare services, establishing medical facilities can be a lucrative investment. Consider developing a multi-specialty clinic, outpatient surgical center, or diagnostic imaging center to cater to the local population's medical needs. Childcare Facilities: New City, like many other places, has a demand for quality childcare services. Developing a modern daycare center or a preschool facility can be an excellent opportunity to serve working families and contribute to early childhood education. THis site offers ample room for buildings, playground and parking/bus turnaround. Swim Pools: Incorporating a swim pool facility can be an attractive addition to a commercial development project. Consider building a community-oriented aquatic center that offers swimming lessons, recreational activities, and fitness programs. Professional Offices: New City provides an ideal environment for professional office spaces. Develop modern and well-equipped office buildings or coworking spaces to cater to the needs of various businesses, such as law firms, financial institutions, tech companies, and other professional services. Religious Centers: If there is a demand for religious facilities in the area, consider developing a religious center that can accommodate various denominations. This could include a synagogue, church, mosque or temple, along with associated facilities such as meeting rooms and educational spaces. Other Commercial Real Estate Trends: Stay abreast of other commercial real estate trends in New City to identify additional development opportunities. These might include retail spaces, restaurants, entertainment venues, mixed-use developments, or specialty stores that cater to specific market niches.

  • Listing ID: 28689989

  • Date on Market: 6/7/2023

  • Last Updated:

  • Address: 9 Spruce Dr, New City, NY 10956

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