East side of State Route 67 75.78 Acres of Residential Land Offered at $2,000,000 in Ballston Spa, NY 12020

The present zoning allows for many residential configurations with Business and Commercial Special Uses which could be allowed with permit and/or Site Plan Review. In April of 2022, a comprehensive plan was adopted to address the significant residential and socioeconomic shifts that have occurred in the Town of Ballston.
Route 50 serves as a major north-south artery connecting Schenectady with Saratoga Springs, while NY Route 67 is a key east-west highway. Their intersection and concurrency form a vital link between the Town of Ballston, the Village of Ballston Spa and surrounding communities like Malta and Milton NY.
Census tract 617.01 Saratoga NY defines an area of 19.7 miles with a population of 344.7 people per square mile for a total population of 6,777.
The area is one of the most prosperous in the region, with a median household income of $108,873.
The housing market in this census tract is exceptionally strong with the median value of owner-occupied housing units at $430,800.
The median age in the tract is 41.9 years and perhaps one of the most striking demographics is the exceptionally high level of educational attainment, with 48% of the population holding a bachelor's degree or higher level of education. The community is highly dynamic and growing. 72% of residents moved into their homes since 2010 with 38% arriving since 2018.
The primary source of all demographics, economic and housing data in this description is the Census Tract 617.01, Saratoga Profile Data-Census Reporter and the U.S. Census Bureau's American Community Survey (ACS) 2023, 5-year estimates.
Ballston Spa Schools are close by with over 3800 students in attendance.
The headquarters for Global Foundries, employing over 2500, plans to construct another multibillion-dollar facility which will employ an additional 1500.
The market forces and municipal strategy for this area presents a near perfect alignment for a developer or investor to execute a project that would tap into the latent market demand and also find a supportive and streamlined path through the municipal review process.
Our listing of tac map # 228.-2-1 on State Route 67 in the Town of Ballston, located along the Route 50/67 corridor offers a premier opportunity to create a signature, high value, mixed use destination that would be highly profitable and deeply resonate with the community's goals and market realities.