Malta, NY 12118 · Saratoga County

This 6.44-acre development site in Malta offers a fully permitted, shovel-ready opportunity for an 88-unit senior housing project. Located on Route 9 with strong visibility and traffic exposure, the property sits minutes from Interstate 87 Exit 12 and approximately 15 minutes from Saratoga Springs. All site plans, engineering, and architectural drawings are complete, with some site preparation already underway. Malta's rapid growth, fueled by GlobalFoundries and Luther Forest Tech Park, positions this project in one of the Capital Region's fastest-expanding markets.
BOM! Fully approved 88-unit senior apartment development -- shovel ready with all permits in place. This prime Route 9 site in Malta features excellent visibility, high traffic counts, and immediate access to a major corridor, just minutes from I-87 Exit 12 and only 15 minutes to Saratoga Springs. With strong regional demand for senior housing, the project is strategically positioned for success. Complete site plans, engineering, and architectural drawings are included, and some site work has already been completed. A rare opportunity for immediate development in one of the Capital Region's most desirable locations. Competitively priced at $35k a unit.
27 facts pulled straight from the MLS listing.
Tax estimated at the Saratoga County rate. Insurance and PMI are estimates. Sharon can connect you with a lender for real numbers.
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The district this address is assigned to. Ratings and reviews are hosted on GreatSchools.
Assigned districts can change and are not guaranteed. Confirm enrollment boundaries with the district directly before relying on them.
Malta is in Saratoga County, NY. There are currently 42 active listings here, ranging from $65,000 to $2,999,000. Listings in this address fall under the Shenendehowa school district. Priced 198% above the Malta median of $650,000.
See Sharon's Malta community guideWho holds this listing, and where the data comes from.
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KW Platform · Listed by Patrick Dunn (30446)
Contact: 518-407-9834
MLS #202525912 · Source: Global MLS, Inc.
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Real numbers from current MLS data. Not a third-party estimate.
Activity across 2 MLS listings of this property.
Public assessment record for the Malta roll · Shenendehowa school district · Vacant Land Located in Commercial Areas
| Year | Assessed value | Full market value | Change |
|---|---|---|---|
| 2025 | $660,000 | $660,000 | +69.2% |
| 2024 | $390,000 | $390,000 | +2.6% |
| 2023 | $380,000 | $380,000 | +5.6% |
| 2022 | $360,000 | $360,000 | +4.3% |
| 2021 | $345,000 | $345,000 |
Assessed and full market values come from the local assessor and lag the market; the tax bill is the assessed value times the town, county and school rates, which the seller’s disclosure will show. STAR and other exemptions are not reflected here.
Outside FEMA-mapped flood hazard areas
This point is not inside any Special Flood Hazard Area or moderate-risk zone on the current FEMA flood map. Flood insurance is optional here and usually inexpensive.
See the official FEMA flood map for this pointSource: FEMA National Flood Hazard Layer, checked 2026-09-12. Zones are drawn by FEMA and can change; an elevation certificate governs insurance.