952 Troy-Schenectady Rd Latham, NY 12110
- Lifestyle centers
- 151,666 SF
- 10.08 lot acres
Current Use by Public Records
- Isalis / Women'S Clothing Store / Jewelry Store
- Party City / Balloon Store / Candy Store
- Skunk Funk / Clothing Store / Corporate Campus
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 952 Troy-Schenectady Rd
- Lot size
- 10.08 lot acres
- Property size
- 151,666 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity, the Peter Harris Plaza, is a 151,666 square foot shopping center located at 952 Troy-Schenectady Rd, Latham, NY 12110. The property consists of two single-story buildings situated on a 10.08-acre lot and features 700 parking spaces. Currently boasting 100% occupancy with 18 tenants, this Class B shopping center offers a Net Lease (NNN) investment with a strong pro-forma NOI of $1,434,599 and a pro-forma cap rate of 7.55%. The current NOI is $1,377,215, and the asking price is $18,996,072.43, translating to a price per square foot of $125.25. The property is zoned COR and benefits from a desirable Latham location with high visibility and accessibility. The diverse tenant mix includes established businesses, ensuring a stable income stream. Current leases include built-in rent escalations, promising future revenue growth. This offering presents a compelling opportunity for investors seeking a stable, high-performing retail asset in a thriving market. The property is for sale by owner.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Latham
- County
- Albany
- State
- New York
- Longitude
- -73.7968
- Latitude
- 42.7627
