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    502 Columbia Pike New Lebanon, NY 12125

    Sponsored
    For Sale
    $2,700,000

    100% Leased, 7-Tenant Retail Complex

    Property size:
    14,488 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully leased, multi-tenant retail center in New Lebanon, NY. The property, located at 502 Columbia Pike, comprises two single-story buildings totaling 14,488 square feet on a 2-acre lot. Built in 1970 and extensively renovated in 2019, the Class B property boasts 67 parking spaces and features a diverse tenant mix including a bank, USPS, Family Dollar, and others. Seven long-term tenants ensure stable income with a current Net Operating Income (NOI) of $202,306 and a 7.50% cap rate. The property enjoys 100% occupancy with a remaining lease term of 5 years. The asking price is $2,700,000, and seller financing may be available to qualified buyers with a suitable down payment. The property's strong cash flow, diverse tenancy, and prime location make it an attractive investment prospect. All offers must include proof of funds. The property features approximately 247 feet of road frontage. The legal description is APN 104800-019-002-0001-048-000-000, and the property is offered fee simple. Cash offers and third-party financing offers are accepted.

    Property Features for 502 Columbia Pike

    General Information

    Property type
    Lifestyle centers
    Square Feet
    14,488 SF
    Class
    B
    Lot Size
    87,120 SF

    Building Details

    Year Built/Renovated
    1970/2019
    Buildings
    2
    Stories
    1
    Units
    7

    HighLights

    • 100% occupancy, fully leased retail center.
    • Stable tenant base with long‑term leases.
    • Seller financing may be available to qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hotel & Motel Department Store Skin Care Clinic Auto Parts Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    New Lebanon
    County
    Columbia
    State
    New York
    Longitude
    -73.3909351
    Latitude
    42.4679334

    Nearby Comparable

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      Land with creek, mature timber, wildlife, and development flexibility.
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    • $169,000
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      26.5 Acres of Farmland

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    Nearby Similar for Sale

    • $259,000
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      Mixed-Use Property with Highway Visibility

      Commercial space with apartment in high-traffic location.
      614 Us Route 20, New Lebanon, NY 12125
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    • New
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    FAQs

    What type of property is this?
    Lifestyle center - 100% Leased, 7-Tenant Retail Complex
    Where is this lifestyle center located?
    The property is located at 502 Columbia Pike New Lebanon, NY.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: 100% occupancy, fully leased retail center.; Stable tenant base with long-term leases.; Seller financing may be available to qualified buyers.
    Request Owner's contact information
    502 Columbia Pike New Lebanon, NY 12125
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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
    502 Columbia Pike New Lebanon, NY 12125
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