For Lease
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Property summary
This exceptional 69,106-square-foot retail property, located at 41 Vista Boulevard in Albany County, presents a unique investment opportunity. Built in 2012, this single-story building sits on a 7.8-acre lot and boasts impressive ceiling heights ranging from 14 feet to a remarkable 25 feet 6 inches. Currently vacant, the property features a lease in place extending until 2032, providing long-term stability and potential for significant return. The building's strategic location benefits from a strong surrounding commercial environment, including nearby Market 32, Bellini's Italian Eatery, Broadview Federal Credit Union, and Dunkin' Donuts. Furthermore, the property enjoys proximity to Plug Power's new headquarters, housing over 1,100 employees with potential future expansion to 1,600. This prime location is supported by a robust demographic profile, with average household incomes exceeding $198,000 within a one-mile radius. The substantial size and flexible layout of this former grocery box store offer immense potential for a variety of retail uses, making it an attractive proposition for discerning investors seeking a high-value asset in a thriving market. The property's significant size, long-term lease, and prime location combine to create a compelling investment opportunity with substantial upside potential.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Bank Credit Union
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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
MED · Slingerlands, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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