49 Veterans Road

Description

Rare opportunity to acquire a stabilized income-producing asset with embedded multi-phase development potential in the Adirondack corridor. This property is strategically organized into three defined Opportunity Areas, creating a flexible platform for phased commercial, residential, or mixed-use expansion while benefiting from long-term renewable energy income. The investment includes a long-term contracted solar lease providing predictable cash flow, along with additional interim rental income from existing on-site structures. The property features approximately 545 feet of commercial frontage comprising Opportunity Area 1 (approximately 4.6 acres), an additional 389 feet of frontage comprising Opportunity Area 2 (approximately 1.8 acres), and approximately 73.4 acres of accessible interior expansion land identified as Opportunity Area 3. The site is located approximately 25 minutes from Interstate 87, positioned between Montreal and New York City, and in close proximity to Lake George, Lake Champlain, and the greater Adirondack tourism corridor. Opportunity Area 1 consists of approximately 4.6 acres with 545 feet of road frontage, offering strong visibility and access for commercial development. Existing rental structures currently generate interim income and may be removed to unlock full development potential. This area is well-suited for self-storage, RV and boat storage, flex industrial development, or tourism-oriented commercial uses. Opportunity Area 2 includes approximately 1.8 acres with 389 feet of frontage and is well-suited for executive residential lots, duplex construction, or small-scale residential development independent of commercial operations. Opportunity Area 3 encompasses approximately 73.4 acres of interior land accessible from the primary parcel, providing substantial long-term scalability. This acreage offers potential for phased commercial expansion, residential subdivision, additional storage development, land banking, or alternative uses subject to necessary approvals. Unlike traditional development land that requires speculative carrying costs, this property generates ongoing income, reducing risk while a buyer conducts planning, entitlement, and phased development. This offering represents a yield-supported development platform providing downside protection with significant scalable upside potential, ideal for storage developers, renewable infrastructure investors, regional private equity groups, as well as solar and long-term land investors.