$1,600,000

Price improvement! Rare opportunity to acquire and develop more than 100 acres of prime land along Route 28 near Kingston. Route 28 is the primary thoroughfare that connects New York City to Woodstock and the Catskills Region, with 17,000 passing cars per day. The property includes approximately 1,000 linear feet of frontage along Route 28, and is just 1.5 miles west of the I-87 Thruway Exit 19. The parcel's zoning is very favorable to development, and includes both a commercial and residential component. The first 500 feet of lot depth along Route 28 is zoned HC (Highway Commercial). The HC zoning allows a wide range of commercial uses, including self-storage, warehouse, RV campground, hotel/motel, restaurant, service business, contractor yard, light industry, office, recreational facility, and wholesale business. The commercial portion of the lot is flat, cleared, and accessible, with approximately 8 buildable acres of land, allowing for a significant commercial development. The remainder of the lot is zoned R-60, allowing residential development on lots of approximately 1.5 acres. In addition to single-family residential use, the R-60 zoning allows multi-family apartments, campgrounds, and manufactured home parks. The middle portion of the land includes a beautiful year-round creek and rises to foothills in the rear, backing up upon the Bluestone Wild Forest. This 3,000-acre New York State forest preserve ensures permanently-protected views and natural land adjacent to the property. The forested, hilly rear portion of the lot would be ideally suited to high-end homes or apartments, and could also serve as tent and drive-in car campsites, if the front of the property was developed as an RV campsite. The property is currently improved with two curb cuts, a large 5,000 square foot barn that is rented for 1,200 dollars/mo, and a two-bedroom home rented at 2,000 dollars/mo. This 38,400 dollars in annual income helps to carry the property as development plans are considered. The house was recently renovated, with a new 200-amp electrical service, new PEX plumbing, a new high-efficiency heat-pump hot water heater, new central heat-pump HVAC, and all new thermal windows. Bring your vision to this large, beautiful, convenient, and highly-visible Hudson Valley development site!