69 Main AveWynantskill, NY 12198

Property Details for 69 Main Ave

Year built

1950

Lot size

0.79 AC

Zone code

BN

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

383200 124.5-1-6

APU

383200124516

Description

This exceptional 0.79-acre commercial lot presents a unique investment opportunity in the thriving Wynantskill, NY market. Located at 69 Main Ave Unit 2, this property offers significant potential for a variety of commercial ventures. The expansive lot size provides ample space for new construction, allowing for the development of a substantial building tailored to specific business needs. Its strategic location on Main Avenue ensures high visibility and accessibility, attracting potential customers and clients. The property's zoning classification (not specified in provided data) will need to be verified by the prospective buyer to determine permitted uses. This presents a blank canvas for entrepreneurs and developers seeking to establish a strong presence in a dynamic community. The asking price of $145,000 represents a compelling entry point into the Wynantskill commercial real estate market, offering significant return potential. Serious inquiries are encouraged to explore the possibilities this prime location offers. Further due diligence, including a thorough site inspection and review of relevant municipal records, is recommended before any purchase decision. This property is being sold "as is." The absence of square footage information in the provided data necessitates independent verification. Don't miss this chance to acquire a valuable piece of Wynantskill real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $10,600,108

  6.5%

  $9,784,715

  7%

  $9,085,807

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,016,066

  Geo Method

  $6,969,222

• Alternative Use

  Use

  Valuation

  Residential

  $9,784,715

  Hospitality

  $8,962,746

  Educational

  $7,456,900

  Medical

  $7,713,354

  Retail

  $11,599,622

Location Insight

City

Wynantskill

County

Rensselaer

State

New York

Latitude

42.6975

Longitude

-73.6461

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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