2 Wade RdLatham, NY 12110

Property Details for 2 Wade Rd

Year built

2009

Lot size

2.51 AC

Property size (Sq ft)

2,100 SF

Zone code

12

Property type

Retail properties

Property subtype

Drive through restaurants

APN

012689 19.3-1-5

APU

1268919315

Description

This exceptional 4,019 square foot retail space is located in Latham, Albany County, within a 6,281 square foot building constructed in 2011. The property boasts an open floor plan, previously occupied by Metro Mattress, and is in excellent condition. It benefits from a highly desirable location, sharing a large parking lot with a Chipotle restaurant (located in a separate building) and situated directly across from a major medical complex. The building itself features a timeless design with an attractive brick facade and enjoys excellent visibility from Wade Road due to a prominent pylon sign and its position at a signalized intersection. This ensures high traffic flow and excellent exposure for potential tenants. The space offers full access for both tenants and customers, making it an ideal location for a variety of retail businesses. The multiple-tenancy building provides a vibrant and established commercial environment, with Dibella's Old Fashioned Subs as an existing tenant. This property presents a unique opportunity to establish a thriving business in a high-traffic, well-maintained location. The available space is part of a newer building, offering modern amenities and a strong visual appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $766,859

  6.5%

  $707,870

  7%

  $657,307

• Comparable approach

  Method

  Valuation

  Relative Method

  $696,100

  Geo Method

  $691,453

• Alternative Use

  Use

  Valuation

  Residential

  $597,114

  Hospitality

  $546,954

  Educational

  $455,059

  Medical

  $470,709

  Retail

  $707,870

Location Insight

City

Latham

County

Albany

State

New York

Latitude

42.7553

Longitude

-73.7762

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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