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3760-3780 Albany Post Rd - Industrial/Retail/Office Lot near CIA
2.5 - 8.5 Acre Commercial Land Lots Offered at £667,242 - £9,419,892 Per Lot in Hyde Park, NY 12538
Investment Highlights
- Bellefield at Historic Hyde Park is a 340 acre, 2.1 million square foot mixed-use development in Hyde Park, New York just 90 minutes North of NYC.
- Nearby national historic sites and state parks including Vanderbilt Mansion, FDR Library & Museum, and Walkway Over the Hudson drive national visits.
- This development represents the northeast’s first culinary themed “Agrihood”, featuring a mix of residential units, commercial, hospitality & spa
- New York's Hudson Valley features over 25 million tourists and 1.2 million workers, providing ample exposure for this site.
Executive Summary
Each parcel has access to sewer, water, electric and fiber
Maximum building length is 200 feet
Maximum building height is 35 feet
Minimum parking ratio is 5 per 1,000 square feet
Property Facts
3 Lots Available
Lot NWC Lot A
| Price | £6,279,928 | Lot Size | 8.50 AC |
| Price Per AC | £738,815 |
| Price | £6,279,928 |
| Price Per AC | £738,815 |
| Lot Size | 8.50 AC |
This 8.5-acre lot is zoned for commercial use (retail, office, other). Investors should take note as a 75,000 square foot retail/office center has been conceptually approved. Utilities at site include sewer, water, electric, fiber
Lot NWC Lot B
| Price | £667,242 | Lot Size | 2.50 AC |
| Price Per AC | £266,897 |
| Price | £667,242 |
| Price Per AC | £266,897 |
| Lot Size | 2.50 AC |
This 2.5-acre lot is zoned for commercial use and is best suited for a restaurant. The site is a flat parcel overlooking the Maritje Kill, a tributary of the Hudson River with seasonal waterfalls.
Lot V Lot 7
| Price | £9,419,892 | Lot Size | 2.82 AC |
| Price Per AC | £3,340,387 |
| Price | £9,419,892 |
| Price Per AC | £3,340,387 |
| Lot Size | 2.82 AC |
This 2.8-acre lot is zoned commercial and is eligible for tax-exempt status if owned by a tax-exempt entity. It has a prominent location next to Bellefield's planned Village Green and adjacent to the existing 137-room Inn at Bellefield.
Description
Bellefield at Historic Hyde Park is a 334-acre, approved plan for a 2.0 million square foot mixed use development, 90 minutes north of Manhattan, in Historic Hyde Park, New York, in the heart of the Hudson River Valley. The 334-acre site is fully entitled and approved for 2.0 million square feet of development, including; •801 residential units comprised of 344 rental units and 457 for sale units •304,250 square feet of commercial and retail space •290,000 square feet of hospitality space for a second 300-key hotel, 32 hotel villas, a conference center, spa and associated amenities •130,000 square feet of tax-exempt space for educational entity and R&D Bellefield is currently approved for Dutchess County Industrial Development Agency ("DCIDA") programs that provide a sales tax exemption on construction costs, mortgage recording tax exemption and 20-year Payment in Lieu of Taxes (“PILOT”) program totaling ~$160 million of tax benefits. It is expected that all remaining commercial phases of development will be eligible for similar approvals. Phase 1 is complete and includes: • A wastewater treatment plant that is fully commissioned and currently operating, designed to be capable of handling 342,000 gallons per day which will encompass the entire Bellefield development and additional off-site customers in a community that does not have its own treatment facility; •The first hotel, a 137 room Marriott Residence Inn, operating as “The Inn at Bellefield” which opened December 2023. Phase 2 construction begins in August 2024 and will include: • 12 luxury townhomes (available in September 2025); • 344 luxury rental units; • 60 condominiums; • 210,854 square feet of retail/restaurant/entertainment; • tenants will include winery/entertainment venue, celebrity chef restaurant, national furniture showroom, film production studios; • 130,000 square feet of tax-exempt space for institutional/R&D; • Working farm with event space; • Walking Trails. Future Phases will include: • 457 "for sale" residential units including a mix of townhomes, cottages, condominiums and branded single family properties; • 2nd Hotel with up to 300 rooms, conference center, spa and event venue; • 75,000 square feet of commercial/office space on the Northwest Corner along Route 9 and St. Andrew Road; • 8,000 square feet of stand-alone restaurant space on Route 9 and St. Andrew Road; • 10 miles of walking trails.
PROPERTY TAXES
| Parcel Number | 133200-6163-01-131849-0000 | Improvements Assessment | £0 |
| Land Assessment | £1,403,171 | Total Assessment | £1,403,171 |
PROPERTY TAXES
zoning
| Zoning Code | BPDD |
| BPDD |
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Larry Pelletier, CCIM -
T-Rex Hyde Park Owner, LLC
Presented by
3760-3780 Albany Post Rd - Industrial/Retail/Office Lot near CIA
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