Property profile

611 Troy-Schenectady Rd Latham, NY 12110

OFF-MARKET
Retail properties & Spaces
52,130 SF 4.9 ac lot
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Property summary

AI-generated overview

This exceptional 52,130 square foot commercial property, located at 611 Troy-Schenectady Road in Latham, NY (zip code 12110), presents a unique investment opportunity. Situated on a generous 4.9-acre lot, this property boasts an irreplaceable location with phenomenal visibility and exposure directly off Exit 6 of the Northway (I-87), experiencing high traffic volume (121,505 AADT). Currently housing a 134-room Quality Inn & Suites hotel, the property is zoned HCOR (Highway Commercial Office Residential), allowing for a diverse range of redevelopment possibilities, including hotel, office, retail, or residential uses. The property benefits from convenient access to Albany International Airport and features municipal water and sewer services. The asking price for this strategically located asset is $5,890,000. This is a rare chance to acquire a substantial property in a high-traffic area with significant redevelopment potential. The property's size and zoning provide flexibility for a variety of uses, making it an attractive investment for both experienced developers and long-term investors seeking a prime location in a thriving market. Don't miss this opportunity to secure a piece of Latham's commercial landscape.

Property profile

Verified
Property type Retail properties & Spaces
Total area 52,130 SF
Lot 4.9 ac (213,444 SF)

Cap rate & NOI

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

Location

611 Troy-Schenectady Rd Latham, NY 12110
Latham 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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