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Would you purchase a house next to town owned land in Huntington? It's less than 10 acres, and currently zoned for residential. Would you trust this land will stay vacant or worse, not stay residential? Are the odds great that the town would sell the land for a profit to developers? Land is also located on a commercially zoned road.
A friend of mine is considering such, so I was curious what CD posters might say.
Discuss
Last edited by Glad2BHere; 05-15-2014 at 11:33 PM..
Well, your friend could head down to town hall and look at the deed. The property may have an open space conservation easement on it. That would prohibit any development.
Or even though it's zoned residential, it could be unbuildable due to high water table, aka "wetland".
What street? I wouldn't trust it unless they get solid information from the town as to what it can or might be used for. There are so many retail/apartment buildings going up around here, affordable housing type units for veterans etc on small pieces of land that are zoned commercial.
Examples: Avalon Bay almost completed on E. 5th St in Huntington Station, a two story apartment unit above retail now under construction on Gerard St in the village, a proposed two story apartment unit above retail being considered on Stewart Ave in the village (next to the hotel just getting started in the old town hall in the village) and another "luxury" apartment unit now under construction right behind the CVS on top of swampy land (lovely) on Creek Rd near NY Ave in Halesite.
So I wouldn't put it past the town board to approve building on any vacant land they now own!
Currently zoned residential on a commercially zoned road.
Commercially zoned road is red flag #1
Economy is down, tax revenue is down. A developer might come along with a plan which will bring in XXX thousands of dollars in tax revenue, and the town fathers, as they wipe the drool from the corner of their mouths, will sing "Approved, approved, approved!" to whatever is placed before them.
Well, your friend could head down to town hall and look at the deed. The property may have an open space conservation easement on it. That would prohibit any development.
Hell no. Suffolk is turning into Nassau which has basically turned into Queens. It's only a matter of time before the land is commercialized, even if zoned residential. Money talks - always has - and these developers have plenty of it to get what they want.
I definitely would not trust the land to stay zoned for residential. The town is constantly rezoning areas, especially for new apartments or mixed use (apt/retail). In addition, they desperately need to raise revenue while staying within the 2% property tax cap, which means they are looking to sell town property to fill in the revenue gaps.
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