95 Central AveMechanicville, NY 12118

Property Details for 95 Central Ave

Year built

1985

Lot size

1.95 AC

Property size (Sq ft)

10,054 SF

Zone code

02 - SINGLE RESIDENCE

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

411000 262.53-1-62

APU

41100026253162

Description

This exceptional mixed-use property, located at 95 N Central Ave Unit 95 in Mechanicville, NY, presents a compelling investment opportunity. Situated on a substantial 1.95-acre lot, the property offers significant potential for a variety of uses, given its flexible zoning and ample space. The building's current configuration and precise square footage are not currently specified, allowing for creative redevelopment or adaptive reuse to suit a wide range of business needs. The asking price of $450,000 reflects the significant land value and the potential for future income generation. The property's location in Mechanicville offers easy access to major transportation routes, providing convenient connectivity for both employees and customers. This is an ideal opportunity for an investor seeking a versatile property with substantial upside potential in a growing community. The expansive lot size allows for future expansion or the addition of complementary structures. Serious inquiries are encouraged to explore the possibilities this unique property offers. Further details regarding the building's current condition and zoning regulations are available upon request. Don't miss this chance to acquire a significant piece of Mechanicville real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $3,096,986

  6.5%

  $2,858,756

  7%

  $2,654,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,049,853

  Geo Method

  $2,036,166

• Alternative Use

  Use

  Valuation

  Residential

  $2,858,756

  Hospitality

  $2,618,606

  Educational

  $2,178,649

  Medical

  $2,253,576

  Retail

  $3,389,010

Location Insight

City

Mechanicville

County

Saratoga

State

New York

Latitude

42.907

Longitude

-73.6885

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.