Current Use by Public Records
- Uptown Beverage / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
Property Details for 1866 Altamont Ave
- Year built
- 1975
- Lot size
- 1.01 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use investment property, located at 1866 Altamont Avenue in Schenectady, New York, presents a compelling opportunity. The property, situated on a 1.01-acre lot (APN 59.9-7-15.11), consists of two single-story buildings constructed in 1975 and zoned B-2. The asking price is $5,000,000. Its strategic location offers significant advantages. Boasting 271 feet of frontage on Altamont Avenue, the property benefits from a traffic signal at its entrance and multiple points of egress, ensuring convenient access. The high traffic count is further enhanced by its proximity to Market 32, making it an ideal location for a drive-thru business or similar venture. The property's mixed-use designation (Multi-Family and Retail) allows for diverse development and income streams. This presents a rare chance to acquire a well-positioned asset in a thriving Schenectady market. The property's size and zoning provide considerable flexibility for future development or expansion, catering to a wide range of business and residential needs. This is a truly unique opportunity to capitalize on a high-demand location with significant growth potential. The property's existing infrastructure and prime location combine to create a strong foundation for a successful investment.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.9537
- Latitude
- 42.7809
