Development Opportunity in Masonville, NY

Rare development and redevelopment opportunity on 1.95 acres with approximately 18,200 SF of existing building area and prominent frontage along NY State Route 206. The two-story, interior-corridor structure was renovated in 2019, including the roof, boilers, furniture, fixtures, and carpeting, and is supported by private well, on-site septic, and existing paved parking.

The property offers an ideal foundation for a variety of redevelopment concepts, including senior housing, assisted living, multifamily or workforce housing, hospitality, residential care, or other commercial uses, subject to zoning and municipal approvals. A completed feasibility study and architectural drawings for a proposed 45-bed assisted living conversion provide a valuable head start for an investor pursuing senior housing.

Located in western Delaware County with access to a broad regional market encompassing Delaware, Chenango, Otsego, and Schoharie Counties. The property is approximately 30 miles from Oneonta and 33 miles from Binghamton, with convenient access to I-88.

Offered at $599,900, this property presents an opportunity to acquire an existing structure with significant redevelopment potential and the infrastructure already in place to support a range of future uses.