240 Mohawk AveScotia, NY 12302

Property Details for 240 Mohawk Ave

Year built

1979

Lot size

0.44 AC

Property size (Sq ft)

3,272 SF

Zone code

CON

Property type

Investment properties

Property subtype

Retail residential properties

APN

422201 38.35-1-34

APU

4222013835134

Description

This 3,272 square foot building, situated on a 0.44-acre lot in the heart of Scotia, NY, presents a unique opportunity for a variety of businesses. Built in 1979, the property boasts a convenient location at a traffic light, ensuring high visibility and accessibility. The building offers three points of ingress and egress, along with ample parking for 20 vehicles. Excellent signage opportunities are available. The interior comprises 1,200 square feet of existing, built-out office space and a 2,000 square foot clear-span warehouse featuring two drive-in overhead doors. This flexible layout allows for diverse uses, making it suitable for various retail, office, or distribution needs. The property is zoned RC Retail Commercial, providing further adaptability. In addition to leasing, this property is also available for purchase. The building is a single-tenant space, and tenants are responsible for all NNN charges associated with the property. This prime location, combined with its versatile design and ample parking, makes this property an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,007,891

  6.5%

  $930,361

  7%

  $863,907

• Comparable approach

  Method

  Valuation

  Relative Method

  $667,109

  Geo Method

  $662,655

• Alternative Use

  Use

  Valuation

  Residential

  $930,361

  Hospitality

  $852,206

  Educational

  $709,025

  Medical

  $733,410

  Retail

  $1,102,928

Location Insight

City

Schenectady

County

Schenectady

State

New York

Latitude

42.8278

Longitude

-73.9676

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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