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    Property profile & analytics
    OFF-MARKET
    Strip malls

    500 Northern Blvd, Albany, NY 12204-1036

    4,913 SF 1.4 ac lot Built 2018
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US63-5227822
    Property summary
    AI-generated overview

    This exceptional 6,226 square foot retail property, built in 2016, is situated on a 1.4-acre lot in Albany, NY's Warehouse District, specifically in the Samaritan Hospital - Memorial Campus submarket. The property, zoned C2, features a single building with multiple suites and currently has 4,020 square feet of vacant space available. Units are divisible, with a minimum of 2,005 square feet and a maximum contiguous space of 4,020 square feet. This prime retail opportunity benefits from its strategic location adjacent to a thriving Dunkin' Donuts drive-thru and a newly constructed 184-unit apartment building, ensuring high visibility and foot traffic. Its proximity to I-90 and Samaritan Hospital provides excellent accessibility and a strong residential base. The property offers a dynamic and high-traffic environment ideal for businesses seeking to thrive in a bustling area. This is a rare chance to establish a presence in a vibrant and strategically positioned retail hub within Albany's Warehouse District. Don't miss this opportunity to secure your space in this thriving commercial center.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2018
    Total area 4,913 SF
    Lot 1.4 ac (60,984 SF)
    Zoning code C2
    APN 010100 65.7-4-1.12
    UPID US63-5227822
    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
    Current use
    Occupant on record · Public records
    • Red Carpet Inn Albany, NY Hotel & Motel
    • Red Carpet Inn Hotel & Motel
    • The Comedy Works Nightclub Theater & Performing Art Venue
    • Dunkin' Cafe & Coffee Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    SAMONI HOSPITALITY LLC
    SAMONI HOSPITALITY LLC
    Zoning & alternative use
    C2 · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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