Property profile

114 Park Ave Mechanicville, NY 12118

OFF-MARKET
Investment properties
Property ID
US63-6078381
3,274 SF 0.1 ac lot Built 1988
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Mechanicville commercial property presents a unique investment opportunity. Located at a high-traffic intersection (Park Avenue and North Central Avenue), approximately 16,000 vehicles pass daily, ensuring significant visibility for your business. The property boasts a total of 3,274 square feet, situated on a 4,356 square foot lot. The building features a recently installed roof and 3-phase power, eliminating immediate capital expenditure needs. A full basement provides ample storage or expansion potential. Currently configured as two units (1792 sq ft and 1482 sq ft), these spaces can be easily combined to create a larger, more versatile layout. The larger unit benefits from frontage on both Park and North Central Avenues, maximizing exposure. The smaller unit faces Park Avenue. The open floor plan offers flexibility for a wide range of commercial uses, providing a blank canvas for your vision. This prime location and versatile space make this an ideal investment for entrepreneurs seeking high visibility and significant growth potential in a thriving community. The asking price is $175,000. Don't miss this chance to establish your business in a high-demand area.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1988
Total area 3,274 SF
Lot 0.1 ac (4,356 SF)
Zoning code 02 - SINGLE RESIDENCE
APN 411000 262.61-2-25
UPID US63-6078381

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

114 Park Ave Mechanicville, NY 12118-2317
Mechanicville metro Census 62200 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$145k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2025
Last sale
$150,000
5 recorded transactions
2025
$170,000
2023
$150,000
2018
$46,000
2005
$197,349
2004
$202,349

Zoning & alternative use

02 - SINGLE RESIDENCE · Mechanicville, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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