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    FOR SALE
    Industrial properties

    9 Tower Rd, Schenectady, NY 12302

    14,000 SF 2.51 ac lot Built 2018
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US63-5478024
    Property summary
    AI-generated overview

    This exceptional Class A industrial property, located at 9 Tower Rd in Schenectady, NY, presents a rare opportunity. Boasting 14,600 square feet of net rentable space within a single, meticulously maintained building constructed in 2018, this facility offers a versatile layout ideal for distribution, manufacturing, or warehousing operations. The high-bay warehouse area encompasses 12,600 square feet, complemented by 2,000 square feet of well-appointed office space. The building features a substantial 40-foot ceiling height, two loading docks, and fourteen dock-high doors, ensuring efficient loading and unloading. A significant advantage is the inclusion of a 30-ton crane, enhancing operational capabilities. The property also benefits from a potential 5,000 square foot expansion area, allowing for future growth. Easy access is provided by both loading dock and drive-in door access. The current owner enjoys partial tax exemption on both property and school taxes. This property is offered for sale at $2,250,000, but lease options are also available. This is a turnkey solution for businesses seeking a modern, efficient, and strategically located industrial space in the heart of Schenectady County, NY, zip code 12302.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 2018
    Total area 14,000 SF
    Lot 2.51 ac (109,336 SF)
    Zoning code CON
    APN 422289 22.-1-10.714
    UPID US63-5478024
    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
    • Bruno Associates Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $400k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $704k
    Blend (final) Blend
    $555k
    Owner & transaction history
    BRUNO GLENVILLE, LLC
    BRUNO GLENVILLE, LLC
    Zoning & alternative use
    CON · Schenectady, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $825,000 +113.6%
    Warehouse, storage $500,000 +30.1%
    Retail stores $435,000 +13.3%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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