64 Roa Hook Rd - Commercial LAND FOR SALE


Cortlandt Manor, NY 10567 52,002 SF
$5,000,000 USD
914-262-2598
64 Roa Hook Rd, Cortlandt Manor, NY for Sale
$5,000,000 USD
Commercial LAND - FOR SALE
1/7
52,002 SF

64 Roa Hook Rd
Cortlandt Manor, NY 10567


HIGHLIGHTS

  • Higher revenue potential,
  • Municipal commitment to transformation.
  • Waterfront/mixed-use positioning
  • Incentive-enabled bonus building size,

OVERVIEW

Cortlandt's Next Great Redevelopment: 56–64 Roa Hook Rd | 1.84 Acres in New AWE District The subject properties at 56 & 64 Roa Hook Road, Cortlandt Manor, NY 10567 comprise two commercial lots totaling over 1.84 acres. They sit in the heart of the Annsville hamlet gateway area of the Town of Cortlandt, along the corridor of Routes 9/202 and the Bear-Mountain/Annsville Circle entry to Westchester County. These parcels enjoy excellent highway visibility, proximity to the waterfront (via Annsville Creek/Hudson River vantage), and access to a planned revitalization zone. Zoning & Incentives: AWE District In January–February 2023 the Town adopted the Annsville Waterfront Enhancement (AWE) District, replacing the prior HC (Highway Commercial) zoning for this corridor. Key provisions for your site: Purpose: Transform the corridor from highway-/auto-oriented to a people-oriented waterfront destination combining commercial, residential and mixed-use development. Incentive zoning: This district allows bonus height and density when a developer contributes public amenities (e.g., waterfront walkway, infrastructure improvements) or makes a cash payment to the Incentive Zoning Fund. Site design standards: Emphasis on human scale, pedestrian orientation, visual/waterfront connectivity, minimized front-parking visibility, pervious surface requirements, large existing trees preserved. Example incentive fee schedule (excerpt): For additional commercial square footage beyond the base scenario: $15,000 per additional 1,000 SF. Also, for additional residential units beyond the base scenario: $5k-$15k per unit depending on units per acre (see user-provided text). Fit for Subject Site Given your property’s characteristics — size (~1.84 acres), frontage along Roa Houk/Route 9/202, proximity to the Annsville waterfront/walking-trail potential, and being located within the AWE District — the site is well positioned to capture the incentives and zoning flexibility now in place. The zoning framework allows you to build beyond the legacy HC limits (build-out 0.2 FAR, 2 stories) and instead pursue mixed-use, higher density, and higher height in exchange for public benefit. Proposed Development Scenario Using your provided “development under existing HC zoning” versus “AWE build-out low/moderate” as analogues: Existing baseline under HC: 1.84 acres × 2.5 stories (used) and 0.2 FAR = approx. 16,000 SF commercial (approx.). Under AWE, you could propose a mixed-use scheme: say residential units + commercial square footage, leveraging bonus height (up to ~4–5 stories/50-55 ft depending sub-area) and waterfront amenities. As an example: 60-80 residential units + 20,000-30,000 SF commercial + optional hotel/ hospitality space (if permitted). If you pursue bonus density, you will trigger the cash payment (or infrastructure substitution) — for example, additional residential beyond base units might require $7,500-$15,000/unit depending on density band; additional commercial space above base scenario triggers the $15,000 per 1,000 SF rate (from the text you supplied). With this model you can demonstrate enhanced return potential to investors/developers by showing incremental revenue (residential + commercial) offsetting the incentive fee and infrastructure contributions. Key Site-Planning & Entitlement Considerations Site Analysis Requirement: A licensed design professional must produce a scale plan illustrating site features (existing trees, waterfront setback, parking, visuals) as part of site plan review. (As stated in your text.) Parking & Access: Parking should be located mostly rear/side/under building; front yard parking limited. Single curb cut unless cross-access is provided with adjacent properties. Access along US 9/202 should align with shared or consolidated curb cuts to maximize spacing. Pervious/landscaped surfaces: Minimum 25% of site must be pervious/planted. Mature tree preservation is encouraged. Building orientation & solar readiness: Rooflines and building layout should consider direct southern exposures for potential solar panels (and bonus height incentives may depend on green-building/solar readiness). Incentive Payment vs Amenity Tradeoffs: You can substitute cash payment by providing public amenities (waterfront walkway, extension of sewer/water, sidewalk improvements) — this is a strategic lever to reduce cash out-lay and differentiate the project. Flooding and Infrastructure: The Annsville area has had historic flooding issues and limited utility capacity. The Town is moving forward with a ~$40 million infrastructure package (sewer, flood mitigation, roadway improvements) for ~40 acres of redevelopment. This means your project needs to coordinate closely with Town infrastructure plans (water/sewer availability, road/traffic improvements) and tie-in early. Affordable Housing Minimums: If you build more than 5 units, =10% of units must be designated affordable (per County definition), and this is a factor if seeking bonus height/density. Area Demographics & Market Trends Demographics for Town of Cortlandt / Cortlandt Manor Population of the Town of Cortlandt is about 41,886. Median household income approx. $138,898 ± $9,376. Poverty rate approximately 5%. For the hamlet of Cortlandt Manor: Median household income approx. $151,506; per capita income ~$62,079. Educational attainment: High school graduate or higher ~94.6%; Bachelor’s degree or higher ~52.9%. Racial/ethnic breakdown: Predominantly White (~65-70%), with Hispanic (~19%), Black (~8-9%), Asian ~3-4%. Real estate: Median owner-occupied housing value for the Town of Cortlandt is ~$552,800 ± $19,518. Commute/travel: Average travel time to work in the Town is ~39.8 minutes — higher than the county average. Implications for Development The high median income, low poverty rate and strong educational attainment levels show the area supports affluent households — a favorable base for new residential and higher-end mixed-use development. The relatively balanced suburban mix, with likely commuting to NYC/metro region (given ~40 minute commute) means there is demand for quality housing, amenity-rich environment, and convenient services. The waterfront/amenity repositioning of Annsville offers an attractive differentiator — being able to market waterfront-view units, mixed-use retail and lifestyle amenities to this demographic is a strong value proposition. Given the Town’s endorsed plan to upgrade infrastructure (sewer, flood control, roadway improvements) and the new AWE zoning, there is momentum and market perception of upcoming change — helpful for attracting venture/developer interest. The existing condition (auto-oriented corridor, older contractor yards) means there is low current competition and high upside for repositioning. Nearby Development & Trend Signals The Town has publicly announced the assemblage of ~40 acres of undeveloped land between Annsville Circle and north along Route 9 for housing, offices and retail.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/ACRE

$4,188,462/AC

PRICE/SF

$96 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Cortlandt’s Next Great Redevelopment 1.84 ACs

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Hospitality, Restaurant, Single Family Development, Unknown

LAND ACRES

1.19 AC

LAND SF

52,000 SF

OFFSITE IMPROVEMENTS

Water, Electricity, Gas

ZONING

AWE

APN/PARCEL ID

2289-022-016-00001-000-0001

ASK ABOUT THIS PROPERTY

Bryan LanzaChristie's Commercial Real Estate GroupMore Info
914-262-2598

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Bryan LanzaChristie's Commercial Real Estate GroupMore Info
914-262-2598

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.