Warehouse with Long-Term
New
For Sale
$5,200,000
16 Avis Drive, Latham, NY 12110
Commercial Sale, Latham, NY
Property Size53,528 SF
Lot Size2.80 Acres
Price / SF$97.15
Days on Market2
Property Features for 16 Avis Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Parking
54
Accessibility
Accessible Approach with Ramp
Elementary school
Forts Ferry ES
High school
Shaker HS
Elementary school district
North Colonie (including Maplewood)
Middle school district
North Colonie (including Maplewood)
High school district
North Colonie (including Maplewood)
Directions
From Troy Schenectady Rd., head south on Avis Dr. Property is on left.
Standard status
Active
APN
012689 19.3-1-13
Size
53,528 SF
Lot size
2.80 Acres
Taxes and HOA fees
Tax Annual Amount
73193
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Flooring type
Carpet, Concrete, Vinyl
Building materials
Block
Architectural style
Other
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Jessica L Richer · License #10301202070
(518) 364-7406
Added: Aug 21
Last Checked: Aug 22 at 2:06AM
MLS# 202624511
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 53,528-square-foot warehouse occupies 2.8 acres and was constructed in 1972 with block construction. Interior finishes include carpet, concrete, and vinyl flooring, while central air conditioning and forced-air natural gas heating serve the building. A roof replacement is scheduled for 2026. The property also provides an accessible approach with ramp, public water, and public sewer.
NYS has operated at this Latham location for more than 30 years and recently signed a 10-year lease. The lease provides for tenant coverage of operating expense and tax increases above the base year. The property is identified with a 7% cap rate and is located at 16 Avis Drive in Albany County.
NYS has operated at this Latham location for more than 30 years and recently signed a 10-year lease. The lease provides for tenant coverage of operating expense and tax increases above the base year. The property is identified with a 7% cap rate and is located at 16 Avis Drive in Albany County.
Key Highlights
- 53,528‑square‑foot warehouse on 2.8 acres
- NYS has occupied the location for more than 30 years
- Newly signed 10‑year lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- A Metro Self Storage — 889 Troy-Schenectady Rd, Latham, NY 12110
- Room To Spare Storage — 151 Wade Rd, Latham, NY 12110
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse occupied by NYS under a newly signed long-term lease with expense and tax increases covered.
Where is this warehouse located?
The property is located at 16 Avis Drive Latham, NY.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 53,528‑square‑foot warehouse on 2.8 acres; NYS has occupied the location for more than 30 years; Newly signed 10‑year lease
