For Sale
$1,589,000

3899 Carman Rd Schenectady, NY 12303

Profitable Retail Business, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
127
Exceptional opportunity to acquire a thriving convenience store in Schenectady, NY. This 5,000 square foot retail property, situated on a one-acre lot at a busy intersection across from Hannaford Plaza, offers significant potential. The building features one loading dock, a full basement with at-grade truck access, a large basement keg cooler, and two display coolers. Recent capital improvements include new cooler condensers, a resurfaced parking lot, and a roof replacement. The property is zoned LOCAL BUSINESS (LB) and benefits from municipal water and sewer. The annual real estate taxes are $9,770.16 ($1.95 per square foot). The asking price for the real estate is $1,589,000, with a net operating income (NOI) of $168,962. The business is also for sale, including the license, fork truck, racks, and coolers, for a total price of $2,619,000. This turnkey operation is ideally positioned in a densely populated residential area, making it an attractive investment for savvy entrepreneurs. The property's prime location and recent upgrades ensure a smooth transition for the new owner.

Highlights

  • 5,000 SF building at a busy intersection.
  • 1-acre lot.
  • Thriving, profitable convenience store business included.
  • One loading dock.
  • Full basement with at-grade truck access; includes large keg cooler.
  • Business sale includes license, fork truck, racks, and coolers.

Property Details for 3899 Carman Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
5,000 SF
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Schenectady
County
Albany
State
New York
Latitude
42.7163081
Longitude
-73.9315957
3899 Carman Rd, Schenectady, New York

FAQs

What type of property is this?
Retail property - Profitable Retail Business, High-Traffic Location
Where is the retail property located?
The property is located at 3899 Carman Rd Schenectady, NY.
What is the asking price?
The asking price for this property is $1,589,000.
What are key features of this property?
This property features: 5,000 SF building at a busy intersection.; 1-acre lot.; Thriving, profitable convenience store business included.
How can I contact the broker?
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3899 Carman Rd
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