Perfect Solution for a 1031 Exchange - Lake Point Village at 57 Long Point Road offers the exceptional opportunity for a builder or developer to acquire a newly constructed 55+ condominium complex shovel-ready for an additional 33 units overlooking Pocksha Pond and Great Quittacas Pond. Permitted for 2 buildings/pads and the first building is complete. Lake Point Village boasts several modern amenities, including on-site storage spaces, a bike room, a covered parking garage, a large outdoor patio, a fitness center, a passenger elevator, and a social gathering room with books and games. The initial portion of the community was delivered in 2021 and quickly sold over 50% of existing units. All water, waste, and electrical utilities are completed, and building permits are in hand, highlighting this opportunity as a true rarity. The 8.2-acre lot is nestled atop Long Point Road and surrounded by breathtaking views of calm waters and agricultural cranberry bogs. The highly connected property provides a short drive to Interstates 495 and 93, minutes from multiple stops for the local commuter rail line. The I-495 corridor offers a wide range of national retailers within 10 minutes of the property, including Walgreens, Hannaford, Dollar Tree, McDonald’s, Dairy Queen, Planet Fitness, and more. Visitors can access multiple hotels within 15 minutes of 57 Long Point Road, including Quality Inn and Holiday Inn. The current building is 75% sold out creating great comparative pricing for the wise investor. Desirable demographics within 10 miles of 57 Long Point Road include a growing population of 128,000, with 33% of residents over 55. These residents strongly prefer home ownership, with an incredible 81% of locals currently owning their residence. Average household incomes of over $108,000 resulted in an impressive $1.7 billion in consumer spending during 2022, with more than $292 million spent on the household segment.