Property profile

01 Rte East Greenbush, NY 12061

OFF-MARKET
Land
1.5 ac lot
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Property summary

AI-generated overview

This exceptional 1.5-acre commercial land parcel in East Greenbush, NY, presents a prime opportunity for development. Ideally situated on Route 4 at a lighted intersection, this property boasts an impressive daily traffic count of 23,639 vehicles. The site is designed to accommodate two distinct commercial pads. Pad Site 1 encompasses 5,000 square feet with 35 parking spaces, while Pad Site 2 offers 2,500 square feet and 15 parking spaces, for a total of 50 parking spaces. The property is serviced by municipal water and sewer, simplifying infrastructure needs. Detailed design plans are available, showcasing the potential for a thriving commercial development. This high-visibility location in Rensselaer County, with its convenient access and substantial traffic flow, makes it an attractive investment at an asking price of $800,000. The property's zoning and potential uses should be verified independently. The address is 01 Route 4, East Greenbush, NY 12061.

Property profile

Verified
Property type Land
Lot 1.5 ac (65,340 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

01 Rte East Greenbush, NY 12061
East Greenbush metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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