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Mixed-Use Building with Office Units
For Sale
Contact for pricing
Pending

3-5-5A Herbert Drive, Latham, NY 12110

Building has two apartments on top and two office units on bottom, set up for a six-unit configuration.

Property SizeContact for details
Days on Market133

Property Features for 3-5-5A Herbert Drive

General Information

Standard status Pending
Property subtype Retail, Office, Mixed Use, Land, Special Purpose

Units

Multifamily Units 2
Office Units 2
Listing Agency: 23 North CRES
Listed By: Denise Riccardi-Bagramian · License #NY 1931283
Source: Crexi
Added: Apr 11 Changed: Aug 16 Last Checked: Aug 19 at 12:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 23 North CRES

Investment Insights

Based on property information with market context.

The building is currently configured with two apartments on the top level and two office units on the bottom, and it is set up to be arranged as six units. The owner is also completing an administrative change to blend parcels, and attached concept plans are available with an engineer available for consultation.

This property is in a high-density zone where mixed use is required. It is positioned on a bus line and offers high visibility, which can support a multi-tenant setup.

The tax amount provided reflects the combination of all three parcels as-is lot square footage. For a qualified buyer, the owner is willing to hold paper at 3%.

Key Highlights

  • Building currently features 2 apartments upstairs and 2 office units on the ground level
  • Layout is set up to be converted to a six‑unit configuration
  • Property is in a high‑density zone with mixed use required

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Storage Facility HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Office units
2
Residential units

Location Intelligence

Trade Area within ½ mile

684
Businesses Nearby

Demographics for 12110, NY

19,682
Population
8,269
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
1,376
Density / Sq Mi
$101,839
Median Household Income
$53,658
Median Earnings
$1,431
Median Rent
$306,100
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Building has two apartments on top and two office units on bottom, set up for a six-unit configuration.
Where is this mixed-use property located?
The property is located at 3-5-5A Herbert Drive Latham, NY.
What are key features of this property?
This property features: Building currently features 2 apartments upstairs and 2 office units on the ground level; Layout is set up to be converted to a six‑unit configuration; Property is in a high‑density zone with mixed use required
More about this property
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