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Property profile & analytics
FOR SALE
Strip malls

1649 Columbia Tpke Castleton on Hudson, NY 12033

34,184 SF 17.63 ac lot Built 1965
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US63-3405459
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cc's Family Cuts Hair Salon
  • Town & Country Cleaners & Coin (Bike/Boat/Book/etc) Store
  • Tractor Supply Co. Pet Store & Service
  • Schodack Plaza Shopping Center & Mall
  • Grapeful Wines and Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
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
Schodack Rlty Assoc LLC · 5 yrs held
Schodack Rlty Assoc LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
HC · Castleton, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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