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    3 Enterprise Dr Albany, NY 12204

    Sponsored
    For Sale
    $1,383,500

    11,529 SF Warehouse, Vacant, $1.38M

    Property size:
    11,529 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,529-square-foot warehouse, located at 3 Enterprise Dr, Albany, NY 12204, presents a significant investment opportunity. Built in 1991, this vacant property sits on a 1.41-acre lot and is zoned I-1, Light Industrial, offering considerable flexibility for various industrial uses. The building boasts a 20-foot ceiling height, providing ample vertical space for storage or operations. Convenient access to major transportation arteries is a key advantage, with the property strategically situated near the intersection of I-787 and I-90, ensuring efficient transportation and logistics. On-site parking is plentiful, accommodating approximately 52 vehicles. The property includes one loading dock, simplifying loading and unloading operations. The asking price for this well-located and functional warehouse is $1,383,500. This represents a compelling opportunity to acquire a substantial industrial property in a prime Albany location. The property's size, location, and features make it ideal for a variety of industrial businesses seeking a strategic foothold in the Albany market. Its proximity to major highways ensures easy access to regional and national transportation networks.

    Property Features for 3 Enterprise Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    11,529 SF
    Lot Size
    61,420 SF

    Building Details

    Year Built
    1991

    HighLights

    • Prime location at I‑787 and I‑90 intersection, offering excellent accessibility and transportation.
    • On‑site parking for approximately 52 vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.73369842
    Latitude
    42.67086775

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    FAQs

    What type of property is this?
    Distribution property - 11,529 SF Warehouse, Vacant, $1.38M
    Where is this distribution property located?
    The property is located at 3 Enterprise Dr Albany, NY.
    What is the asking price?
    The asking price for this property is $1,383,500.
    What are key features of this property?
    This property features: Prime location at I-787 and I-90 intersection, offering excellent accessibility and transportation.; On-site parking for approximately 52 vehicles.;
    Request Owner's contact information
    3 Enterprise Dr Albany, NY 12204
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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
    3 Enterprise Dr Albany, NY 12204
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