Property profile

2388 Route 9 Mechanicville, NY 12118

OFF-MARKET
Office Spaces
3.33 ac lot Built 2006
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Property summary

AI-generated overview

This exceptional commercial property, located at 2388 Route 9 in Mechanicville, New York, presents a significant investment opportunity. The expansive 3.33-acre lot offers ample space for future development or expansion of existing structures. Currently configured as an office building, the property's size and location make it ideal for a variety of businesses. Its strategic positioning on Route 9 ensures high visibility and easy accessibility for clients and employees. The asking price is $6,200,000. The property's square footage is currently unavailable, however, the substantial lot size and prime location suggest significant potential for development and return on investment. This is a rare opportunity to acquire a large commercial parcel in a thriving area of Mechanicville. The property's potential is further enhanced by its proximity to major transportation routes, providing convenient access to regional markets and a diverse workforce. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Detailed information regarding the building's current configuration and potential uses can be provided upon request. This is a unique chance to secure a significant commercial asset in a desirable location. Don't miss this opportunity to acquire a property with substantial growth potential.

Property profile

Verified
Property type Office Spaces
Year built 2006
Lot 3.33 ac (145,055 SF)

Cap rate & NOI

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

Location

2388 Route 9 Mechanicville, NY 12118
Mechanicville metro
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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