Building Details

Year Built 1965

Tenancy Multi

Listing Agency: Carrow Real Estate Services LLC

Listed By: Craig Clermont · License #10401382252 Show Phone

Source: Signatureonerealtygroup

Added: Oct 1 Changed: Oct 15 Last Checked: Oct 14 at 11:35PM

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Investment Insights

Based on property information with market context.

Built in 1965, the property at 704 Loudon Road includes two occupied suites and a vacant 1,153-SF office suite. The occupied leases are structured as NNN agreements, with 3% annual rent increases and two five-year renewal options apiece.

The property is in Latham’s Route 9 corridor. The vacant office suite offers additional space within the existing multi-tenant configuration.

Key Highlights

• Two suites are occupied under NNN leases
• Vacant office suite measures 1,153 SF
• Occupied leases include 3% annual rent increases

Property Analytics

Current Use

Precision Lacrosse (Bike/Boat/Book/etc) Store Precision Apparel Clothing Store Tipsy Taco Cantina ... Restaurant

Suggested Use

Top Pick Parking Lot & Garage Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Home Appliance Store Butcher

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

643

Businesses Nearby

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

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Frequently Asked Questions

What type of property is this?

NNN property - Two leased suites and a vacant office suite make up this Latham commercial asset.

Where is this nnn property located?

The property is located at 704 Loudon Road Latham, 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: Two suites are occupied under NNN leases; Vacant office suite measures 1,153 SF; Occupied leases include 3% annual rent increases