Fully Occupied Neighborhood Shopping
For Sale
$4,600,000
1649 Columbia Turnpike, Castleton, NY 12033
Neighborhood shopping center with stable tenancy and buildable land.
Property SizeContact for details
Days on Market91
Property Features for 1649 Columbia Turnpike
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Pyramidbrokerage
(518) 489-9199
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: May 14
Changed: Aug 8
Last Checked: Aug 8 at 3:06PM
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 Pyramidbrokerage
Investment Insights
Based on property information with market context.
This fully occupied neighborhood shopping center is located just off I-90, Exit 11. The tenant mix includes a Tractor Supply, US Post Office, Wine & Liquor store, Hair Salon, Laundromat, and a Cannabis retailer. A neighboring Walgreens also draws customers to the plaza. The property features stable tenancy, with only one new tenant in the 13 years of current ownership. Leases are NNN with regular base rent increases. A large, highly visible monument sign is located along the busy Columbia Turnpike. Tenants are responsible for the mechanicals in their spaces and repairs. There are two exclusions on file. The current Cap Rate is 6.96%, increasing to 7.52% with rent bumps in 2027. The property also includes approximately 4 acres of buildable land.
Key Highlights
- High visibility location off I‑90 with monument signage and neighboring Walgreens, attracting significant customer traffic.
- Stable, long‑term tenancy with a diverse mix including Tractor Supply and US Post Office.
- NNN leases with scheduled rent increases, providing predictable and growing income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
13k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Tractor Supply Co.
Home Improvements & Furnishings
12,558 visits/mo
0.1 miles
Demographics for 12033, NY
8,076
Population
3,843
Households
2.1
Avg Household Size
46
Median Age
35%
College-Educated
93%
High-School Grad
28.5 sq mi
ZIP Area
283
Density / Sq Mi
$92,808
Median Household Income
$55,875
Median Earnings
$1,380
Median Rent
$267,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Schodack Plaza — 1649 Columbia Turnpike, Castleton-On-Hudson, NY 12033
Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood shopping center with stable tenancy and buildable land.
Where is this shopping center located?
The property is located at 1649 Columbia Turnpike Castleton, NY.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: High visibility location off I‑90 with monument signage and neighboring Walgreens, attracting significant customer traffic.; Stable, long‑term tenancy with a diverse mix including Tractor Supply and US Post Office.; NNN leases with scheduled rent increases, providing predictable and growing income.
