31 Old Route 146Clifton Park, NY 12065

Property Details for 31 Old Route 146

Year built

1969

Lot size

1.26 AC

Property size (Sq ft)

8,188 SF

Zone code

05 - COMMERCIAL

Property type

Other commercial real estate

Property subtype

Showrooms

APN

412400 272.9-1-37

APU

4124002729137

Description

This exceptional Clifton Park retail property, located at 31 Old Route 146, offers 8,188 square feet of versatile space in a high-traffic location at the intersection of Route 9 and Old Route 146. Built in 1969 and extensively renovated in 2017, this single-tenant building features a two-story design with a convenient drive-in door, perfect for efficient loading and unloading. The spacious interior boasts a large open floor plan and impressive 14-foot ceilings, creating a bright and airy atmosphere ideal for a variety of retail uses, including showroom or restaurant applications. Ample parking is provided with approximately 21 spaces. The property sits on 1.26 acres of land and is zoned for commercial use, allowing for flexibility and potential expansion. Building signage is available, enhancing visibility and attracting customers. The property's convenient location and attractive features make it an excellent investment opportunity. Note that the current business operating within the space is also available for sale, including existing inventory, parts, fixtures, and displays. A floor plan line of credit is easily transferable to a new owner. The property's APN is 272.9-1-37.

• CAP approach

  CAP return

  Valuation

  6%

  $2,990,018

  6.5%

  $2,760,017

  7%

  $2,562,873

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,714,129

  Geo Method

  $2,696,007

• Alternative Use

  Use

  Valuation

  Residential

  $2,328,178

  Hospitality

  $2,132,598

  Educational

  $1,774,297

  Medical

  $1,835,317

  Retail

  $2,760,017

Location Insight

City

Halfmoon

County

Saratoga

State

New York

Latitude

42.8664

Longitude

-73.7719

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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