Building Details

Year Built 1925

Buildings 1

Stories 2

Building Size 1,920 SF

Listing Agency: Miranda Real Estate Group Inc

Listed By: Kimberly Martuscello Show Phone

Source: Capmarkrealty

Added: Oct 23 Changed: Oct 26 Last Checked: Oct 30 at 11:38AM

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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 Miranda Real Estate Group Inc

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Investment Insights

Based on property information with market context.

This storefront is available for lease with equipment remaining in place for tenant use. The space was formerly occupied by a clothing alterations business. The owner is also open to salon or office concepts, subject to applicable approvals.

Key Highlights

• Existing equipment is available for tenant use
• Constructed in 1925
• Owner will consider salon or office use, subject to applicable approvals

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

M Franco Alterations Construction Company

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Accounting Firm HVAC Service Skin Care Clinic

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

NNN (Triple Net)

Lease Type

$3.09 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

618

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 12303, NY

30,893

Population

12,533

Households

2.5

Avg Household Size

41

Median Age

35%

College-Educated

90%

High-School Grad

15.6 sq mi

ZIP Area

1,980

Density / Sq Mi

$77,615

Median Household Income

$50,051

Median Earnings

$1,120

Median Rent

$227,500

Median Home Value

Market

Lease Benchmarks for Rotterdam, NY

$12 /SF/Yr

Avg Asking Price

$1.39–$20.63 /SF/Yr

Price Range

27,727 SF

Avg Space Size

This space is priced 72% above the average of $12 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Equipment is included for a tenant interested in putting the space’s existing setup to use.

Where is this storefront property located?

The property is located at 1642 Flower Road #1 Rotterdam, NY.

What is the lease rate?

The lease rate is $1,650/Mo.

What are key features of this property?

This property features: Existing equipment is available for tenant use; Constructed in 1925; Owner will consider salon or office use, subject to applicable approvals