Corner Development
1874 Altamont Avenue Schenectady, NY 12303
1874 Altamont Avenue, Schenectady, NY, 12303
$2,150,000
For Sale
$2,150,000
Signalized corner lot with direct Route 9 access and ample parking for retail, office, or service development.
Property Size7,164 SF
Price / SF$300.11
Days on Market127
Property Features for 1874 Altamont Avenue
General Information
- Standard status
- Active
- Size
- 7,164 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing agency
KW Platform
Listed by
Benjamin R Romer
(518) 639-4663
Source
Signatureonerealtygroup
Added: Mar 17 Updated: Jul 10 at 3:59PM Checked: Jul 20 at 6:14AM
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 KW Platform
Investment Insights
Based on property information with market context.
This offering presents a highly flexible corner development site at a signalized intersection in Rotterdam, NY. The property comprises an approximately 44,000 SF corner lot designed to support a range of commercial uses, with room for on-site parking, signage, and an efficient site layout.
The site provides immediate access to Route 9, supporting convenient travel for customers and employees. The surrounding area includes established national retailers and dense residential neighborhoods, which can support tenant concepts across retail, office, and service categories.
For prospective buyers and developers, the property’s corner positioning and direct roadway access make it suitable for retail, office, or service-oriented uses. The seller’s stated intended use mix includes medical, wellness, fitness, childcare, personal care, and fast-casual concepts, giving users flexibility to match the site to a variety of tenant requirements. This is a straightforward acquisition for an operator seeking a visible, drive-to commercial location along a proven corridor.
The site provides immediate access to Route 9, supporting convenient travel for customers and employees. The surrounding area includes established national retailers and dense residential neighborhoods, which can support tenant concepts across retail, office, and service categories.
For prospective buyers and developers, the property’s corner positioning and direct roadway access make it suitable for retail, office, or service-oriented uses. The seller’s stated intended use mix includes medical, wellness, fitness, childcare, personal care, and fast-casual concepts, giving users flexibility to match the site to a variety of tenant requirements. This is a straightforward acquisition for an operator seeking a visible, drive-to commercial location along a proven corridor.
Key Highlights
- 144,000 SF corner lot at a signalized intersection in Rotterdam, NY
- Direct access to Route 9
- Flexible development site for retail, office, or service‑oriented users
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $189.1k | $26.40 |
| − Vacancy | −$28.2k | −$3.93 |
| EGI | $160.9k | $22.47 |
| − OpEx | −$40.2k | −$5.62 |
| NOI | $120.7k | $16.85 |
7,164 SF · lease $26.40/SF/yr · vacancy 14.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,712 @ 7.0% cap · market cap 5.61%
Second Best
Retail
$1.24M
$1.08M – $1.44M
NOI $86,475 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,100 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Save Mor Cleaners
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Price Chopper Floral — 1879 Altamont Ave, Schenectady, NY 12303
- Flowers By Randolph — 1161 curry rd, schenectady, ny 12306
- Central Market Florist — 1879 Altamont Ave, Schenectady, NY 12303
FAQs
What type of property is this?
Storefront property - Signalized corner lot with direct Route 9 access and ample parking for retail, office, or service development.
Where is this storefront property located?
The property is located at 1874 Altamont Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 144,000 SF corner lot at a signalized intersection in Rotterdam, NY; Direct access to Route 9; Flexible development site for retail, office, or service‑oriented users
