930 Albany Shaker Rd Latham, NY 12110

Property Details for 930 Albany Shaker Rd

Year built

1982

Lot size

2.66 lot acres

Property size

22,578 SF

Property type

Office Properties & Spaces

Description

This exceptional Latham, NY, office building presents a compelling owner-user or investment opportunity. Located at 930 Albany Shaker Rd, this single-story, 22,578 square foot Class B building sits on a 2.66-acre lot and boasts a masonry (all-brick) façade. Constructed in 1982 with significant renovations in 2003/2006, the property includes 63 private parking spaces. Recent upgrades include two new rooftop units (2021), new pylon signage (2020), parking lot repaving (2019), and a common area renovation (2018), along with a property tax reduction. Currently, only 3,900 square feet are unleased. The building features a key fob access system, municipal water and sewer, and two gas and two electric meters serviced by National Grid. All interior and exterior lighting was upgraded to LED in 2017. The building is zoned for commercial office use. The asking price is $1,900,000, translating to $84.15 per square foot. The roof is rubber, and the heating and cooling system utilizes gas-fired rooftop units. While fire sprinklers and a fire/security alarm system are not currently present, the property offers significant upside potential for an astute investor or owner-occupier. The property is located in the Town of Colonie, NY, zip code 12110.