This property is under contract.

Ingersoll Rd. Saratoga Springs, NY 12866

A tremendous opportunity to invest in a strong Wilton and Saratoga market.

This +/- 78.01-acre parcel has ideal characteristics for a future development project. Phenomenal location with close proximity to I-87 and exit 15, just 1 mile east of Wilton Mall & various shopping centers and located within desirable Saratoga Springs School District. This property has frontage on Route 50 and both sides of Ingersoll Road. The property has a combination of Residential Business (RB-1) and Residential (R-2) zoning as it sits today - however with well over 10 acres of contiguous acreage, this property is eligible to apply for a PUD with the town of Wilton.

Comprehensive feasibility study performed by C.T Male Associates on file. The feasibility study concluded that pending PUD approval - potential for a senior living/apartment project or single-family/two-family residential building lots.

Public water is available, public sewer could be brought in from two separate nearby locations west of the site, utilities infrastructure available at site, topography generally defined as flat to moderate slopes.

$899,000

Asset Class: Vacant Land

78.01 Acres

RB-1  and R-2 Zoning

Feasibility Study Review

Performed by C.T. Male

Zoning Review

The Town Zoning Law for PUD Planned Unit Development Districts,§ 129-115, states the following intention: “to provide a means for the development of entirely new residential, commercial, or industrial subdivisions, parks, or estates in which certain economies of scale or creative architectural or planning concepts may be utilized by the developer without departing from the spirit and intent of this chapter.”

Topography

The topography is generally defined as flat to moderate slopes throughout the study area with some moderate to steep slopes along Bog Meadow Brook.
Wetlands are present, however generally isolated to immediate areas in connection to Bog Meadow Brook.

Floodplains

The proposed site does not lie within a floodplain or floodway.
Soils According to the Soil Survey, the soil types located within the project boundary are mostly identified as well-drained with a high infiltration rate. These soil groups are typically composed of sands or gravelly sands with a high rate of water transmission.

Sewer and Water

There is currently no sewer located within or immediately adjacent to the project study area. Public Sewer is apparent in two (2) locations west from the site. The first location along NYS Route 50 approximately 1.0-miles west of the intersection of Ingersoll Road in the vicinity of Perry Road. The second location is at the intersection of Rose Terrace and Louden Road approximately 1.2-miles away from the southern portion of study area at Ingersoll Road (see Figure 11). Public water is available in the immediate area along Ingersoll Road.

Utilities

Electric, gas, cable and telephone are all available by their respected suppliers along perimeter roadways
of the development area and there
is no indication that there will be any restrictions to providing services.

Access

The subject project and property are adjacent to New York State Route 50 and Ingersoll Road.

Relevant Figures

Concept Sketches

Fig 15-Sketch 1-11x17

CONCEPT 1: 274 Units, 1 Single Family

Illustrates 17 apartment buildings of 10-units each on the western parcel and 8 apartment buildings of 10-units each, 6 apartment buildings of 4-units each, and 1 single-family unit within the eastern parcel.

Community clubhouse, pool, and tennis court located in the western parcel. Pedestrian nature trail.

Fig 16-Sketch 2-11x17

CONCEPT 2: 204 Units, 9 Single Family

Illustrates 18 apartment buildings of 10-units each within the western parcel and 12 duplexes and 9 single-family units within the eastern parcel. The minimum lot size for the single-family unit is 1.8 ± acres (200’x400’).

Community clubhouse, pool, and tennis court located in the western parcel. Pedestrian nature trail.

Fig 17-Sketch 3-11x17

CONCEPT 3: 190 Units

Illustrates 19 apartment buildings of 10-units each within the western parcel and no residences proposed on the eastern parcel.

Community clubhouse, pool, and tennis court located in the western parcel.

Fig 18-Sketch 4-11x17

CONCEPT 4: 39 Single Family

Illustrates 39 single-family dwellings. The minimum lot size for the single-family unit is 0.7 ± acres (100’x300’) & the maximum lot size for the single-family unit is 6.4 ± acres (200’ x700’).

Area Info

Saratoga Springs District

About Saratoga Springs School District

Saratoga Springs District’s tradition of excellence has drawn families to the area for many decades. The District is consistently ranked as a top ten school district for academics in the Capital Region by the Albany Business Review and has a graduation rate that has steadily increased.  The Saratoga Springs City School District has six elementary schools for grades kindergarten to five, one middle school for grades six to eight, and one high school for grades nine to 12. The district serves students from the city of Saratoga Springs and the Saratoga County towns of Milton, Wilton, Malta, Greenfield, and Saratoga.

This piece of property is located within the Dorothy Nolan Elementary School.

Saratoga Springs School District Mission: The Saratoga Springs school community will empower all learners in an engaging, collaborative environment to discover their personal pathways to the future. Our Pathways vision will help guide the important work of the school district and ultimately help shape our student’s future success.

 

town-of-wilton-seal

About The Town of Wilton

The Town of Wilton is located 35 miles north of the state Capitol of Albany, New York.

The Town of Wilton provides a plethora of recreation opportunities, the Town also offers a healthy and growing shopping district. The Exit 15 shopping district offers residents access to everything they may need. This vibrant area includes the Wilton Mall and is dense with big-box stores, malls, and restaurants for dining pleasure.

The Town of Wilton also provides a bit of financial relief to homeowners. For more than three decades, the Town of Wilton has not imposed a town property tax. Having a “No Tax” policy, plenty of Open Space and recreational activities as well as retail and dining pleasures makes Wilton a wonderful place to live!

Our Listing Team

Nic Ketter

Listing Agent

Licensed Real Estate Broker

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