1760 Bruzgul Rd
Lagrangeville, NY 12540
Land For Sale · 35.55 AC

This is a tremendous opportunity to own 35.6 acres of "town center" zoned commercial land on route 55. The property is a corner lot in one of the fastest developing areas in all of New York State. This is one of the largest undivided commercial properties in all of route 55. The property is just 70 minutes from NYC and is close to both the Hudson and Harlem Metro North train lines. The owner has multiple conforming plans for this property including a vineyard resort/ hotel and residences. This property is also suitable for special permit users, residential subdivision and land development, open area development, planned mixed-use development (PMUD). Ideal for enriched housing for the elderly, special permit RD10, RA5, RA3, nursing homes, and family day care homes. For any permissions and necessary approvals, please contact the Town of Union Vale, NY. The town will allow for 100,000 sq. ft. of development. Up to 70 housing units will be permitted. 15% of the area must be allocated for commercial development. Owner is open to different purchasing options: Option 1: $4,999,000 straight sale Option 2: $4,000,000 now and provides 40% of the rental income from the commercial development only. Option 3: As a development partner, owner would agree to a land price of $4 million with a contribution of $1 million towards approval and other costs from the development partner. Both the development partner and landowner's shares will be considered part of the development cost and will be paid back before any profit distribution. In this scenario, the land owner will own 70% while the developer will receive 70% of any profits. Drive by showings are welcomed, for more information call the listing broker. Daniel D'Amico Damico Group Real Estate 347-928-2021