East side of NY-67 Town of Ballston, Ballston Spa, NY 12020 For Sale

This parcel is located in Saratoga County, NY and is lies to the west of I-87, on State Route 67, just minutes from Exit 12. The single parcel has 75.78 Acres+/-, with approximately 1175’ +/- of road frontage. The present zoning is noted as Mixed Use Route 50/67 and there are many allowed uses for this property. Many residential configurations along with Business and Commercial Specials Uses would be allowed with permit and/or Site Plan Review. In April of 2022, a comprehensive plan was adopted to address the significant residential and socioeconomic shifts that have occurred in the town.

Route 50 serves as a major north-south artery connecting Schenectady with Saratoga Springs, while NY Route 67 is a key east-west highway. Their intersection and and concurrency form a vital link between the Town of Ballston, Village of Ballston Spa and surrounding communities like Malta and Milton.

Census tract 617.01, Saratoga NY defines an area of 19.7 miles, with a population of 344.7 people per square mile for a total population of 6,777.

The area is one of the most prosperous in the region. The median household income is $108,873.

The housing market in Census Tract 617.01 is exceptionally strong. The median value of owner-occupied housing units is $430,800, and the median age in the tract is 41.9 years.

One of the most striking demographic features of the tract is the exceptionally high level of educational attainment, with 48% of the population holding a Bachelor’s degree or higher level of education.

The community is highly dynamic and growing. 72% of residents moved into their current homes since 2010, with 38% arriving since 2018.

The primary source of all demographics, economic, and housing data in this description is the Census Tract 617.01, Saratoga Profile data-Census Reporter and the U.S. Census Bureau’s American Community Survey (ACS) 2023, 5-year estimates.

Ballston Spa Schools are close by with over 3,800 students in attendance. The headquarters for Global Foundries, employing over 2500, plans to construct an additional multi billion dollar facility which will employ an additional 1500.

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 Route 67 located in the Route 50/67 corridor offers a premier opportunity to create a signature, high value, mixed-use destination that would be highly profitable and deeply resonate the the community’s goals and market realities.