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    OFF-MARKET
    Strip malls

    562-564 Hoosick Rd, Troy, NY 12180

    9,546 SF 0.91 ac lot Built 1994
    Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US63-3387265
    Property summary
    AI-generated overview

    Gateway Plaza, located at 562-564 Hoosick Road in Brunswick, NY (zip code 12180), presents a compelling investment opportunity. This 9,546 square foot retail plaza sits on a 0.91-acre lot and boasts 60 parking spaces. Built in 1994, the property is zoned B-15 Commercial and features five individual units, currently operating under a NNN lease structure. The asking price is $949,900. Strategically positioned along heavily trafficked Route 7, between Hudson River Commons and a Walmart Supercenter, Gateway Plaza benefits from exceptional visibility and high daily traffic counts exceeding 25,000 vehicles. This prime location is surrounded by over 600,000 square feet of existing retail space, further enhancing its appeal. The immediate trade area is experiencing significant growth, with recent additions including Hannaford, Aldi, Popeyes, Aroma Joe's, and KFC. The property's proximity to Rensselaer Polytechnic Institute (RPI) and Samaritan Hospital provides a substantial and diverse customer base. This well-established retail center offers a strong return on investment potential for savvy buyers seeking a thriving commercial property in a rapidly developing area of Rensselaer County, New York.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1994
    Total area 9,546 SF
    Lot 0.91 ac (39,640 SF)
    APN 382200 101.8-20-5
    UPID US63-3387265
    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
    Devito Properties LLC · 2 yrs held
    Devito Properties LLC
    since 2024
    Last sale
    $875,000
    1 recorded transaction
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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