Investors & Builders Take Notice - Rare Multifamily & Development Opportunity. Exceptional opportunity to acquire a multifamily investment spanning over 21 acres, featuring 8 structures with significant upside. More than half of the property offers additional residential development potential. Ideally located just minutes from Brown's Beach, a short distance to I-87 Exit 12 and I-87 Exit 13, and in close proximity to a local Technology Park, providing strong appeal for workforce housing and potential for long-term growth. Situated within the Stillwater Central School District.SLZ-1 Zoning allows for a range of uses, including residential development (single-family and two-family homes), as well as commercial opportunities such as a restaurant or bed & breakfast with a Special Use Permit (SUP). This offering includes four separate deeds being sold as a package and must be purchased together. Addresses include: 184, 186, 188, 190 & 192 Didonna Lane, and 460 Cold Spring Road. At 460 Cold Spring Road, the first three trailers are owned by the seller, while the remaining 3 operate on land leases, offering a mix of income streams. Municipal water and sewer are available at the road
Parcels SBL #'s 218.20-2-29 (7.48 Acres), 218.20-2-30 (.08 Acres), 230.-1-11 (21.20 Acres) and 230.1-83 (.02 Acres)
Property Details
- Acres: 21
- Basement: Other
- Bathrooms: Full 12, Half 1
- Bathrooms 1/2: 1
- Bedrooms: 22
- Cooling: None
- County: Saratoga
- Estimated Taxes: $16,005
- Exterior: Other
- Exterior Features: None
- Garage: 4
- Heat: Electric, Propane
- Parking Spaces: 15
- Property Style: Other
- School District: Stillwater
- Sewer: Public Sewer
- Square Feet: 4,738
- Town: Stillwater
- Water: Other
- Year Built: 1970
- Zoning: Multi Residence
