270 Delaware AveDelmar, NY 12054

Property Details for 270 Delaware Ave

Year built

1968

Lot size

0.56 AC

Property size (Sq ft)

2,505 SF

Zone code

CH

Property type

Retail properties

Property subtype

Turn key restaurants

APN

012200 86.09-4-4

APU

12200860944

Description

This exceptional retail property, located at 270 Delaware Ave in Delmar, NY, presents a unique investment opportunity. The building, formerly a Friendly's restaurant, offers a substantial 2,505 square feet of vacant space, ready for immediate occupancy. Situated on a 0.56-acre lot, the property boasts excellent visibility and accessibility, making it ideal for a variety of retail uses. The single-tenant configuration simplifies operations and management. The property's location in the vibrant community of Delmar, Albany County, ensures high foot traffic and strong potential for success. The address is 270 Delaware Avenue, Delmar, NY 12054. This is a prime opportunity to establish a thriving business in a desirable location. The property is classified as retail commercial and is available for sale. The building's size and the ample land provide flexibility for future expansion or outdoor amenities. The property's convenient location within Albany County offers easy access to major transportation routes and a strong customer base. This is a rare chance to acquire a well-positioned retail space in a thriving New York community. The property's size and location make it an attractive option for a variety of businesses seeking a prominent presence in Delmar. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $914,753

  6.5%

  $844,387

  7%

  $784,074

• Comparable approach

  Method

  Valuation

  Relative Method

  $830,348

  Geo Method

  $824,804

• Alternative Use

  Use

  Valuation

  Residential

  $712,272

  Hospitality

  $652,438

  Educational

  $542,820

  Medical

  $561,489

  Retail

  $844,387

Location Insight

City

Delmar

County

Albany

State

New York

Latitude

42.6254

Longitude

-73.8229

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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