0 Ml Rd Amsterdam, NY 12010
This 1.3-acre commercial lot in Amsterdam, NY (Montgomery County, zip code 12010), is ideally situated at Route 30 & Veeder's Mill Road, offering excellent visibility and accessibility. Priced at $850,000, this property boasts approvals for a 3,500 square foot building with three drive-thru lanes, making it perfect for a variety of retail uses. The site benefits from shared parking and cross-access with adjacent lots, shared stormwater management, and a pylon sign panel. Utilities are on-site, and the property is offered as-is. This location is part of a thriving retail area, near national retailers such as Walmart, Target, Kohl's, Lowe's, Home Depot, PetSmart, Marshalls, and Planet Fitness, and neighbors Chipotle and Popeyes in a new retail project. The property offers convenient access to the NYS Thruway (Exit 27) and is within the Albany Designated Market Area (DMA). An annual ground lease option of $76,000 is also available. The site is conveniently located near Amsterdam Commons, a 160,000 square foot power center, accessible via Veeder's Mill Road.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.