Mixed use Route 50/67, single property, approx. 75.78 Ac+/-
Located in Saratoga County, Town of Ballston, this property lies west of I-87 on State Route 67 just minutes from Exit 12. This parcel is located in a zoning area noted as mixed-use Route 50/67 District. This zoning allows for many uses of the property. Many residential configurations along with Business and Commercial Special Uses would be allowed with permit and/or site plan review. In April of 2022, the Town adopted a comprehensive plan to address significant residential and economic shifts that have occurred in the town. Route 50 serves as a major N/S artery and State Route 67 being a key E/W highway which forms a vital link between Schenectady, Saratoga Springs, the Village of Ballston Spa, Malta, Milton and other surrounding communities. The statistical profile of residents within the Census track 617.01, with information found in Census Reporting, provides some essential market context and additionally from the US Census Bureau's American Community Survey (ACS) 2023, 5-year estimates. Median household income in this Census tract is $108,873; Median owner-occupied housing units is $430,800 and the median age in the tract is 41.9 years. There is high level of educational achievement with 48% of the population holding a bachelor's degree or higher. Ballston Spa schools are close by with over 3800 students in attendance. The headquarters of Global Foundries, employing over 2500, has plans to construct an additional multi-billion-dollar facility which will employ an additional 1500 people, 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 tax map # 228.-2-1 on State Route 67 in the Town of Ballston offers a premier opportunity to create a signature, high value, mixed use destination that would be highly profitable and deeply resonate the community's goals and market realities.
75.78
Acres
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