Property profile

580 Columbia Tpke East Greenbush, NY 12061

FOR LEASE
Showrooms
Property ID
US63-2716939
7,354 SF 1.87 ac lot Built 1980
Individually Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A retail property, located at 580 Columbia Turnpike in East Greenbush, NY (zip code 12061), offers 20,000 square feet of flexible space in two buildings on a 4.5-acre lot. Built in 2023, this new construction development boasts a prime location along the busy Columbia Turnpike, situated between established Market 32 and Hannaford shopping centers. The property is zoned PDD and offers multiple tenancy options, with spaces ranging from a minimum of 1,500 square feet to a maximum contiguous space of 11,000 square feet. This mixed-use development is part of a larger Town Center project, which includes approvals for up to 275 residential units (with the first phase of 78 units already 100% leased), ensuring high foot traffic and a vibrant community atmosphere. The remaining commercial suites can be customized to meet individual tenant requirements, providing a unique opportunity to establish a presence in a thriving East Greenbush location. This is an ideal opportunity for businesses seeking high visibility and accessibility in a rapidly growing area. The property's strategic location and modern design make it an attractive option for a variety of retail uses. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1980
Total area 7,354 SF
Lot 1.87 ac (81,457 SF)
Zoning code B-2
APN 382400 166.-7-5
UPID US63-2716939

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Bank Loan Service

Location

580 Columbia Tpke East Greenbush, NY 12061
East Greenbush metro Census 52407 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$480k
Blend (final) Blend
$650k

Owner & transaction history

since 2013
1 recorded transaction
2013
$450,000

Zoning & alternative use

B-2 · East Greenbush, NY
Top alternative use upside
Auto repair, garage $615,000 +41.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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