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    3083 Carman Rd Rotterdam, NY 12303

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    For Lease
    Contact for pricing

    Existing bank branch or redevelopment site in Rotterdam, NY.

    Property size:
    2,442 SF
    Lot size:
    4.34 Acres

    Property Features for 3083 Carman Rd

    General Information

    Size
    2,442 SF
    Lot size
    4.34 Acres

    Source: Donovan Real Estate Services Agent Brian P Donovan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bank Branch or Redevelopment Opportunity

    An existing bank branch is available for NNN lease or redevelopment, along with a vacant commercial parcel situated at the corner. The site and adjacent vacant parcel can be combined for a ground lease or NNN lease, allowing for redevelopment into a larger project. The available land and freestanding building are located at a traffic circle in Rotterdam, next to the town of Schenectady, within the Albany, NY MSA. This commercial real estate occupies a prominent intersection, serving as a key traffic hub into and out of Rotterdam. Situated approximately half a mile from the on/off ramps for I-890, a limited access highway in the Albany MSA, the location is suitable for a carwash, convenience store, or QSR retailer. I-890 also connects to I-90/NYS Thruway, another major highway in the Albany MSA, providing an additional source of traffic. The property size is 2442 square feet. Multiple parcels can be combined into one larger parcel. It is a turn-key bank branch for NNN lease and located at a busy intersection with excellent traffic counts, close to multiple highways in Albany MSA.
    Location Intelligence

    Current Use by Public Records

    KeyBank ATM Atm Altamont fairgrounds Hotel KeyBank Bank Super 8 by ... Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rotterdam
    County
    Schenectady
    State
    New York
    Longitude
    -73.9391958
    Latitude
    42.7640258

    Nearby Similar for Lease

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      Retail Space Ready for Design

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    FAQs

    What type of property is this?
    Bank - Existing bank branch or redevelopment site in Rotterdam, NY.
    Where is this bank located?
    The property is located at 3083 Carman Rd Rotterdam, NY.
    What are key features of this property?
    This property features: - High-traffic location at a key intersection in Rotterdam, a traffic hub for the area.; - Easy access to the Albany MSA with close proximity (0.5 miles) to I-890 on/off ramps.; - Multiple parcels offer flexibility for redevelopment or expansion.
    (716) 998-2943
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3083 Carman Rd Rotterdam, NY 12303
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