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    FOR SALE
    Automotive properties

    613 New Loudon Rd, Latham, NY 12110

    24,488 SF 2.98 ac lot Built 1960
    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US63-3091595
    613 New Loudon Rd, Latham, NY 12110 For Sale
    $4,500,000 24,488 SF
    613 New Loudon Rd, Latham, NY 12110
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    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 25,000-square-foot auto shop situated on a substantial 4.3-acre lot at 613 New Loudon Road in Latham, New York, within Albany County. The property, currently leased to Carvana, offers a significant income stream with the initial lease term expiring December 31, 2026. The tenant holds two three-year options to extend the lease, providing long-term stability and predictable cash flow. The expansive lot provides ample parking, a key advantage for this type of business. Detailed financial information is available upon request to qualified buyers. This offering includes the property at 613 New Loudon Road. The property is classified as retail and is zoned appropriately for its current use as an auto shop. The location in Latham, NY, offers excellent visibility and accessibility, contributing to the property's strong investment potential. This is a rare opportunity to acquire a well-established, income-producing property in a desirable market. Serious inquiries only.

    Property profile
    Verified
    Property type Automotive properties
    Use group VEHICLE SALES, RENTALS
    Year built 1960
    Total area 24,488 SF
    Lot 2.98 ac (129,809 SF)
    Zoning code 12
    APN 012689 31.4-1-4
    UPID US63-3091595
    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
    AI Approach AI
    $360k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $831k
    Blend (final) Blend
    $595k
    Owner & transaction history
    Goldstein Realty Holdings LLC · 13 yrs held
    Goldstein Realty Holdings LLC
    since 2012
    1 recorded transaction
    2012
    Zoning & alternative use
    12 · Latham, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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