Land for Sale - Dutch Hill Rd, Boonville, NY 13325 - 56.0 acres

Mobile home park acreage with the ability to add more

Dutch Hill Rd, Boonville, NY | Lat/Lng:  43.4383, -75.2262

$945,000
56 ac.
08/14/2023
ACTIVE
Main Listing ImageMain Listing Image

Description

High-yield investment opportunity in a prime North Country location! This expansive acreage represents a premier opportunity for savvy investors looking to acquire a scalable income-producing asset with significant development upside. This mobile home park is perfectly positioned for a phased expansion, offering a rare combination of immediate cash flow and a massive future footprint. While the property currently operates as a smaller community, it possesses the physical space and geographic potential to accommodate a total of 120 to 140 individual sites, making it a cornerstone asset for any manufactured housing portfolio. The groundwork for growth has already been meticulously laid. Currently, the property has 48 sites officially approved, with 16 of those sites already fully built, leased, and generating steady income. This allows a new owner to step into a functioning operation while immediately focusing on the development of the remaining approved sites and the planning of the additional 70+ potential units. One of the most significant logistical advantages of this large-acreage site is the quality of the land itself. The property consists of mostly level, sandy ground. In the world of park development, sandy soil is a highly desirable feature as it typically provides superior natural drainage and much easier excavation for utilities and pad placement. This characteristic can lead to substantial savings in infrastructure costs as you scale the park toward its full capacity. Adding to the aesthetic charm and recreational appeal of the community is approximately 250 feet of scenic frontage along Alder Creek, which flows directly into the Black River. This water feature provides a serene, natural backdrop for residents, elevating the property's desirability compared to more traditional, land-locked parks. The location is strategically balanced for a diverse tenant base, sitting centrally between the Adirondack gateway of Old Forge and the urban center of Utica. With less than a 30-minute drive to downtown Utica, residents can enjoy a quiet, country setting while maintaining easy access to major employment hubs, hospitals, and shopping. Whether you are looking to buy and hold a stable income stream or aggressively develop a large-scale manufactured housing community, this North Country site offers the space, the infrastructure potential, and the location to succeed.

Details

CountyLewis
Zipcode13325
Property Type OneResidential Property
Property Type TwoUndeveloped Land
BrokerageCanaan Realty
Brokerage Linkhttps://canaanrealtyny.com
Land Listing Agent Photo
Allen Olmsted
Canaan Realty
(888) 457-6261
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