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    1 Tibbits Ave Green Island, NY 12183

    Sponsored
    For Lease
    Contact for pricing

    Two-acre commercial lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-acre commercial parcel presents a unique opportunity for retail development. Located at 1 Tibbits Avenue, this property boasts ±55.89 feet of frontage, offering significant highway visibility due to its proximity (±0.5 miles) to Exit 9W of I-787. The high traffic counts are a key advantage: 1,827 vehicles daily on Tibbits Avenue and a substantial 36,982 vehicles daily on I-787. This strategic location places the property in close proximity to major commercial and industrial establishments, including the Veterans Memorial Stadium, Honeywell, and Northeast Home Medical Equipment. The property is zoned for industrial use and identified by APN 29.3-1-21 (part of a larger parcel to be subdivided). The land is currently vacant, offering a blank canvas for a new retail development. With its excellent location, high visibility, and substantial traffic flow, this property represents a compelling investment opportunity for businesses seeking a prominent presence in a thriving area. The single-tenant zoning allows for focused development and streamlined operations. The two-acre lot size provides ample space for a variety of retail concepts. This is a rare opportunity to secure a prime retail location with exceptional visibility and access to a significant consumer base.

    Property Features for 1 Tibbits Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF

    HighLights

    • High‑visibility retail site with ±2 acres of land.
    • ±0.5 miles from I‑787 Exit 9W.
    • Near major employers including Veterans Memorial Stadium, Honeywell, and Northeast Home Medical Equipment.
    • Approximately 55.89 feet of frontage on Tibbits Avenue.
    • High traffic counts: 1,827 AADT on Tibbits Avenue and 36,982 AADT on I‑787.
    Property Profile Location Intelligence

    Current Use by Public Records

    Veterans Memorial Stadium Baseball Field Ross Precision Manufacturing Machine Shop

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Green Island
    County
    Albany
    State
    New York
    Longitude
    -73.6960268
    Latitude
    42.7498495

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    FAQs

    What type of property is this?
    Land - Two-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at 1 Tibbits Ave Green Island, NY.
    What are key features of this property?
    This property features: High-visibility retail site with ±2 acres of land.; ±0.5 miles from I-787 Exit 9W.; Near major employers including Veterans Memorial Stadium, Honeywell, and Northeast Home Medical Equipment.
    Request Owner's contact information
    1 Tibbits Ave Green Island, NY 12183
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    Green Island, NY 12183
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Tibbits Ave Green Island, NY 12183
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