1879 Altamont Ave Schenectady, NY 12303-3851
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Schenectady, NYCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.