Route 9W Glenmont, NY 12158
- Mixed-use properties
- 6,000 SF
- 23.52 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for Route 9W
- Year built
- 2005
- Lot size
- 23.52 lot acres
- Property size
- 6,000 SF
- Property type
- Mixed-use properties
Description
This turnkey investment opportunity encompasses a well-established storage business situated on a prominent 23.52-acre lot along Route 9W in Glenmont, NY. The property boasts 6,000 square feet of existing building space, housing 104 currently operational storage units. Town approvals are already in place for an expansion of 500 additional units, presenting significant growth potential. The property features 400 feet of road frontage, providing excellent visibility and accessibility. The land includes a substantial wooded area, offering further development possibilities. The existing structures include a 2,800 square foot, 1960s red brick building. Infrastructure is well-maintained, with a 10-year-old well and septic system, a 4-year-old roof, and a 2-year-old natural gas furnace. The current vacancy rate is between 3-4%, indicating strong tenant demand. Taxes are combined for both parcels. Beyond storage, the expansive acreage and prime location offer considerable potential for diversification, such as hosting private events or establishing complementary businesses. This property represents a rare opportunity to acquire a profitable, established business with substantial room for expansion in a desirable upstate New York location. The asking price is $2,400,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glenmont
- County
- Albany
- State
- New York
- Longitude
- -73.7864
- Latitude
- 42.6127
