130 Railroad Ave, Colonie, NY 12205-5701

This exceptional industrial property, located at 130 Railroad Ave in Albany, NY, presents a compelling investment opportunity. The 40,368 square foot building, constructed in 1949 with multiple renovations, sits on a 1.7-acre lot and is zoned for industrial use. The single-story structure boasts a ceiling height ranging from 12 to 16 feet, providing ample vertical space. The property features six loading docks, including four dock-high doors, ensuring efficient material handling. Currently occupied under a short-term sale leaseback agreement expiring Spring 2025, this property offers flexibility for future users. The existing configuration allows for potential redevelopment or value-add improvements. A portion of the outbuildings could be demolished to create additional outdoor storage or parking areas, enhancing the property's functionality and appeal. Its prime location within Albany's Railroad Ave industrial corridor makes this a highly desirable asset. The asking price is $1,500,000, translating to $37.16 per square foot. This presents a unique chance to acquire a well-situated industrial property with significant upside potential. The property's multiple loading options further enhance its operational efficiency and attractiveness to a wide range of potential tenants.