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Property profile & analytics
OFF-MARKET Estimated value $1,770,000
Grocery and convenience stores

1879 Altamont Ave Schenectady, NY 12303-3851

78,240 SF 10.55 ac lot Built 2000
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US63-5451940
Property summary
AI-generated overview

This exceptional 92,440 square foot shopping center, situated on a 10.55-acre lot at 1879 Altamont Avenue in Schenectady, NY 12303, presents a rare leasing opportunity. Anchored by a Market 32, this well-established center boasts a prime location at a busy Rotterdam intersection, ensuring high visibility and foot traffic. The property, built in 1970 and zoned Commercial B-2, offers a versatile space ideal for a variety of retail businesses. Currently, approximately 2,750 square feet of retail space is available for lease. The center's multiple tenancy structure provides a vibrant and diverse shopping environment. This property is located in Albany County within the Rotterdam submarket, offering easy access to major transportation routes and a strong customer base. The available space provides a unique chance to establish a presence in a thriving retail hub. Interested parties should note the total building size of 92,440 square feet and the convenient location in a well-established and busy commercial area. This is a remarkable opportunity to secure a space in a high-demand location.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2000
Total area 78,240 SF
Lot 10.55 ac (459,558 SF)
Zoning code B-2
APN 422800 59.9-2-13.11/1
UPID US63-5451940
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
  • Eugene Jackey Pharmacy
  • Hair Studio One - Rotterdam, NY Hair Salon
  • Design Nail Salon Nail Salon
  • Central Market Florist (Bike/Boat/Book/etc) Store Florist
  • Citizens ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.77M
Owner & transaction history
Altamont Associates LP
Altamont Associates LP
1 recorded transaction
1969
Price N/A
Zoning & alternative use
B-2 · Schenectady, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $2.7M +10.4%
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