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Active - Unimproved Land for sale
360 Rock Cut Road, Newburgh, NY 12550, Walden, NY
Facts & features
Why you’ll love it
When opportunity comes knocking, the wise answer while the skeptics waver. This is your opportunity, 11.5 acres of land lakefront property. Orange Lake in Newburgh is a popular spot that is teeming with activity during the summer, motorboating, kayaking, and fishing just to name a few. And to some, there is also ice fishing in the winter. Residents who reside at the lakeside come together as a community and enjoy cozy dining at the Restaurant on the Lake. This parcel of 11.5 acres is zoned R1 and has the makeup of 7 acres of wetland which is protected and can be used solely for the boardwalk, and then another 4.5 acres of dry land which is buildable in either 1 full house claiming 3600 square feet which will equate to a cap rate 42% and Cash rate 62% or a duplex allowing for 2400 square feet of per unit which will equate to a cap rate 53% and Cash rate 94%. Renderings are available for each option upon request. Approvals have been obtained from the following, Dept of Transportation and Dept of Health. Investor's potential boon: since this parcel is zoned R1 which allows for, building 1 house to an acre, there is an excellent opportunity for a builder to hire the right architect who can come up with a subdivision layout and go for approval to build 4 houses on 1 acre each. This property is expected to go quickly submit your offer while this property lasts
Listed by: Asher Berkovic • asher@exitrv.com • Exit Realty Venture
Co-listed by: Exit Realty Venture
Come see by yourself
Affordability
$1,159/mo
- Mortgage$1,006
- Property tax$153
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
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Travel times
About Walden
AI-generated overview for informational purposes only.
Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.
