60 Loudonville RdAlbany, NY 12204

Property Details for 60 Loudonville Rd

Year built

1970

Lot size

0.84 AC

Property size (Sq ft)

8,544 SF

Zone code

M1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

010100 65.12-3-1

APU

10100651231

Description

This exceptional 8,566 square foot industrial property, located at 60 Loudonville Road in Albany, New York, presents a compelling owner-user opportunity. The building, situated on a 0.84-acre lot zoned M1, offers a versatile blend of distribution, flex, and warehouse space. The structure comprises one building with two stories, providing ample space for both operations and office functions. The upper floors feature updated office space, including a sizable conference room, ideal for administrative needs. The warehouse area is well-equipped with three loading docks, including one dock-high door, and two drive-in bays, ensuring efficient loading and unloading. A significant advantage is the large paved parking lot, providing ample space for both employee parking and potential outdoor storage. Its strategic location offers easy access to major transportation arteries, including Interstates 90 and 787, enhancing logistical efficiency and accessibility. This property is priced at $895,000 and represents a strong investment for businesses seeking a functional and well-situated industrial space in the Albany, NY market. The property's combination of office and warehouse space, along with its convenient location and ample parking, makes it an attractive option for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,631,853

  6.5%

  $2,429,403

  7%

  $2,255,874

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,741,988

  Geo Method

  $1,730,356

• Alternative Use

  Use

  Valuation

  Residential

  $2,429,403

  Hospitality

  $2,225,320

  Educational

  $1,851,440

  Medical

  $1,915,114

  Retail

  $2,880,018

Location Insight

City

Menands

County

Albany

State

New York

Latitude

42.6688

Longitude

-73.7454

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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