675 Troy Schenectady RdLatham, NY 12110

Property Details for 675 Troy Schenectady Rd

Year built

2004

Lot size

4.40 AC

Property size (Sq ft)

10,991 SF

Zone code

16

Property type

Retail properties

Property subtype

Turn key restaurants

APN

012689 19.1-1-17.1

APU

126891911171

Description

This exceptional 6,400 square foot free-standing building, located at 675 Troy Schenectady Rd in Latham, NY 12110, presents a remarkable opportunity for a restaurant or retail tenant. Built in 2004, this single-tenant property offers ample space in a prime location within Albany County. The entire building is currently vacant, providing a blank canvas for a new business to establish its presence. The property's classification as a power center suggests high visibility and accessibility, making it an ideal location for attracting customers. The "free-standing" nature of the building offers excellent branding opportunities and independent control over the property's aesthetic. With its substantial square footage and strategic location, this property is well-suited for a variety of restaurant concepts or retail ventures. The property's 2004 construction suggests relatively modern infrastructure and systems. The address is easily accessible and situated within a well-established commercial area of Latham, New York. This is a rare opportunity to secure a significant retail or restaurant space in a desirable location. Serious inquiries are encouraged to explore the potential of this property. The property is classified as Retail and Restaurant, and is a single-tenant occupancy. The building is located in Albany County, New York.

• CAP approach

  CAP return

  Valuation

  6%

  $4,013,592

  6.5%

  $3,704,854

  7%

  $3,440,222

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,643,257

  Geo Method

  $3,618,932

• Alternative Use

  Use

  Valuation

  Residential

  $3,125,183

  Hospitality

  $2,862,651

  Educational

  $2,381,692

  Medical

  $2,463,602

  Retail

  $3,704,854

Location Insight

City

Latham

County

Albany

State

New York

Latitude

42.7554

Longitude

-73.7722

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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