Property profile

2 Wade Rd Latham, NY 12110

OFF-MARKET
Drive through restaurants
Property ID
US63-1073182
2,100 SF 2.51 ac lot Built 2009
Entity Owned 16-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 4,019 square foot retail space is located in Latham, Albany County, within a 6,281 square foot building constructed in 2011. The property boasts an open floor plan, previously occupied by Metro Mattress, and is in excellent condition. It benefits from a highly desirable location, sharing a large parking lot with a Chipotle restaurant (located in a separate building) and situated directly across from a major medical complex. The building itself features a timeless design with an attractive brick facade and enjoys excellent visibility from Wade Road due to a prominent pylon sign and its position at a signalized intersection. This ensures high traffic flow and excellent exposure for potential tenants. The space offers full access for both tenants and customers, making it an ideal location for a variety of retail businesses. The multiple-tenancy building provides a vibrant and established commercial environment, with Dibella's Old Fashioned Subs as an existing tenant. This property presents a unique opportunity to establish a thriving business in a high-traffic, well-maintained location. The available space is part of a newer building, offering modern amenities and a strong visual appeal.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2009
Total area 2,100 SF
Lot 2.51 ac (109,336 SF)
Zoning code 12
APN 012689 19.3-1-5
UPID US63-1073182

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
  • Take-out & Catering
  • Take-out & Catering Catering Service

Location

2 Wade Rd Latham, NY 12110-2600
Latham metro Census 13507 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2009
7 recorded transactions
2019
Price N/A
2009
$1.3M
2007
$833,334
2007
$208,333
2007
Price N/A
2005
Price N/A
2004
$112,241

Zoning & alternative use

12 · Latham, 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
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