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    1879 Altamont Ave Schenectady, NY 12303

    Sponsored
    For Lease
    $15 SF/Yr

    High-traffic Rotterdam retail space.

    Lot size:
    92,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 92,440 square foot shopping center, situated on a 10.55-acre lot at 1879 Altamont Avenue in Schenectady, NY 12303, presents a rare leasing opportunity. Anchored by a Market 32, this well-established center boasts a prime location at a busy Rotterdam intersection, ensuring high visibility and foot traffic. The property, built in 1970 and zoned Commercial B-2, offers a versatile space ideal for a variety of retail businesses. Currently, approximately 2,750 square feet of retail space is available for lease. The center's multiple tenancy structure provides a vibrant and diverse shopping environment. This property is located in Albany County within the Rotterdam submarket, offering easy access to major transportation routes and a strong customer base. The available space provides a unique chance to establish a presence in a thriving retail hub. Interested parties should note the total building size of 92,440 square feet and the convenient location in a well-established and busy commercial area. This is a remarkable opportunity to secure a space in a high-demand location.

    Property Features for 1879 Altamont Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    92,440 SF
    Total Rate
    115550

    Building Details

    Year Built
    1970

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,750 SF
    Rate per SF
    $15
    Property Profile Location Intelligence

    Current Use by Public Records

    Eugene Jackey Pharmacy Hair Studio One ... Hair Salon Design Nail Salon Nail Salon Central Market Florist Florist Citizens ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Albany
    State
    New York
    Longitude
    -73.9552417
    Latitude
    42.7824873

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic Rotterdam retail space.
    Where is this lifestyle center located?
    The property is located at 1879 Altamont Ave Schenectady, NY.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    Request Owner's contact information
    1879 Altamont Ave Schenectady, NY 12303
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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
    1879 Altamont Ave Schenectady, NY 12303
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