Approved Development Site - Rt 52 Corner

1525 US 52 Hopewell Junction, NY 12533

FOR SALE
Property Type:
Commercial Land Development
Amount:
$1,800,000
Last Verified:
Mar 01, 2019

Highlights

  • Fully approved w/ curb cuts on Route 52 and Palen Road
  • 900 feet of road frontage on Route 52
  • Signalized intersection
  • Near Hudson Valley Research Park, Global Foundries (former IBM), John Jay High School, the new East Fishkill Sports Dome, and a multitude of other recent commercial development projects
  • Traffic counts exceeding 13,000 vehicles per day on Route 52

Description

NEW Retail Development Opportunity +/- 24,000 SF

Approved Retail development opportunity in a high growth commercial corridor. Three shovel ready building pad sites available minutes from I-84. Approximately 24,000 square feet of gross leasable space. Private well and septic. Excellent road frontage and signalized intersection at Route 52 and Palen Road. The site plan includes two drive-thru windows on Pad "C". $41,000 in inspection fees already covered and applied.

Permitted uses: bank, theatre, offices, restaurant, fast food, medical/dental offices, personal services, retail stores/shops, etc.

The site is located in the Northwest corner of the signalized intersection of Route 52 and Palen Road. Only minutes to Interstate 84 via Lime Kiln Road (exit 15). Town of East Fishkill, near the Hamlet of Hopewell Junction. Located just down the road from the new Sports Dome ( indoor soccer) now under construction, John Hay High school and close by is the IBM- Global Foundries plant containing 2 mil. sq.ft. on 300 acres which was recently acquired by National Resources. Plans includ developing the site into a major industrial, retail, hotel & residential complex since adjoins I-84.

Lot Size: 6.51 acres

Map of 1525 US 52, Hopewell Junction, NY, 12533

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.