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    OFF-MARKET
    Commercial real estate

    285 Saratoga Rd, Schenectady, NY 12302

    1.08 ac lot
    Property ID
    US63-3049412
    Property summary
    AI-generated overview

    This exceptional 1.08-acre commercial land parcel presents a prime development opportunity on Saratoga Road (Route 50) in the thriving Glenville submarket of Schenectady County. Boasting 239 feet of frontage on this heavily trafficked thoroughfare, the property benefits from an impressive 19,912 AADT (Average Annual Daily Traffic). Its strategic location places it in close proximity to a robust concentration of established retailers, including Aldi, Market 32 Supermarkets, CVS, Hannaford, and Applebee's, ensuring high visibility and accessibility for any future development. The property consists of two parcels, totaling 47,044 square feet, and is conveniently situated near the intersection with Sheffield Road. This location offers unparalleled exposure to a significant consumer base, making it ideal for a variety of commercial ventures. The site's size and prominent positioning make it an exceptional investment opportunity for developers seeking a high-impact location in a densely populated and commercially active area. This is a rare chance to acquire a substantial parcel in a highly desirable location with excellent visibility and access. The property is currently vacant and ready for immediate development.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.08 ac (47,045 SF)
    UPID US63-3049412
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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