Property profile

1215 Troy-Schenectady Rd Colonie and Niskayuna, NY 12309

OFF-MARKET
Retail properties & Spaces
12,738 SF
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Property summary

AI-generated overview

This ±12,738 square foot freestanding retail building presents a unique investment opportunity in a high-traffic location. Situated on two parcels spanning Albany and Schenectady Counties, the property boasts excellent visibility on Troy-Schenectady Road in Colonie and Niskayuna, NY, zip code 12309. Currently occupied by a Dollar Tree store, the lease expires January 31, 2025, offering immediate possession thereafter. The building's single-tenant configuration simplifies management and provides a stable income stream until lease expiration. The property's single-story design optimizes functionality and accessibility. Its previous use as a Walgreens highlights its suitability for a variety of retail businesses. The building's substantial size and prominent location make it ideal for a wide range of retail concepts. The property's strategic location within a bustling commercial corridor ensures high foot traffic and visibility, maximizing potential for success. With its convenient access and ample space, this property is poised for significant growth and return on investment. The address is 1215 Troy-Schenectady Road. Serious inquiries are encouraged to explore this exceptional retail opportunity.

Property profile

Verified
Property type Retail properties & Spaces
Total area 12,738 SF

Cap rate & NOI

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

Location

1215 Troy-Schenectady Rd Colonie and Niskayuna, NY 12309
Colonie and Niskayuna metro
Google Maps

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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