Property summary
This exceptional Class A executive office building, situated on a generous 3.83-acre lot in the desirable Halfmoon, NY, presents a compelling investment opportunity. The property, located at 3 Corporate Drive, boasts 40,146 square feet of meticulously maintained space, currently 93% occupied by a diverse mix of six office tenants and one roof antenna tenant. The building features staggered lease terms with built-in annual rent escalations, ensuring consistent and growing income streams. The property is zoned PDD (Planned Development District) and its APN is 278.-1-22.141. Tenants enjoy a range of on-site amenities, including a common break room, a fully equipped fitness center with showers, a relaxing picnic area, and a reliable backup generator, enhancing the overall appeal and functionality of the space. Recent tenant improvements showcase high-end finishes, reflecting the property's commitment to quality and modern aesthetics. All office leases are structured as NNN (Net, Net, Net), minimizing landlord responsibilities and maximizing return on investment. The strategic location in Saratoga County, coupled with the strong tenant mix and staggered lease terms, makes this a truly exceptional investment opportunity. The asking price for this prime commercial property is $7,100,000.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Corporate Office
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Physician
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Medical Billing Service Consultant
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Association / Organization
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
07 - MIXED · Halfmoon, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for 07 - MIXED in Halfmoon, NY.
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Find the owner behind the property.
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