The property on which the Whitestone Multiplex Cinemas in Schuylerville has sat vacant for years has been purchased, and its new owners are ready for a change.

Innovo Property Group and Square Mile Capital bought the 20-acre site at 2505 Bruckner Blvd. for $75 million, as reported in The Bronx Times. 

The buyers say their long-term goal is to build a multilevel, 840,000 square-foot warehouse for e-commerce companies.

The space lends itself to fast delivery services since it sits near the Cross Bronx Expressway, the Bruckner Expressway and the Hutchinson River Parkway. It would allow for same-day deliveries in the Bronx for the first time.

The property is currently being used as a parking lot for school buses and trucks, but demolition for the current structure is set for this spring.