Property profile

1649 Columbia Tpke Castleton, NY 12033

FOR SALE
Strip malls
Property ID
US63-3405459
34,184 SF 17.63 ac lot Built 1965
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Offered for lease is a ±2,700 square foot retail endcap space, available for the first time in over a decade. This property, previously occupied by Mercato's Restaurant, presents a unique opportunity for a variety of businesses. The space is located in a well-established plaza in Rensselaer County, boasting strong co-tenancy with established businesses including Tractor Supply, the US Post Office, Grapeful Wines & Spirits, CC's Family Cuts, and a Walgreens located at the north end of the plaza. The property offers excellent visibility with a prominent façade and an available monument sign panel for the new tenant. Its strategic location just off I-90 Exit 11, approximately 10 miles south of Albany, provides easy access and high traffic volume. The proximity to Amazon distribution facilities further enhances its appeal. This space is ideal for a wide range of businesses, including retailers, banks, restaurants, and medical providers. The entire 2,700 square feet is currently vacant and ready for immediate occupancy. The single-tenant space offers flexibility for a variety of layouts and business needs. This is a prime opportunity to establish a presence in a thriving commercial area with strong existing tenants and high visibility.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Total area 34,184 SF
Lot 17.63 ac (767,963 SF)
Zoning code HC
APN 384489 189.-5-1.11
UPID US63-3405459

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hair Salon
  • (Bike/Boat/Book/etc) Store
  • Pet Store & Service
  • Shopping Center & Mall
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store

Location

1649 Columbia Tpke Castleton, NY 12033
Castleton metro Census 52502 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$595k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

HC · Castleton, 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message