126 Saratoga RdEast Glenville, NY 12302

Property Details for 126 Saratoga Rd

Year built

1987

Lot size

0.96 AC

Property size (Sq ft)

6,120 SF

Zone code

CON

Property type

Office buildings

APN

422289 22.15-2-52.212

APU

4222892215252212

Description

This exceptional 9.6-acre commercial land parcel presents a unique investment opportunity in Schenectady County. Situated on heavily trafficked Route 50, this property boasts a high-visibility location at a signalized intersection, ensuring maximum exposure for any business. The single-tenant zoning allows for a variety of development options, making it ideal for businesses seeking a prominent presence in a busy commercial corridor. The expansive acreage provides ample space for construction, allowing for flexibility in design and scale. The property's strategic location offers easy access to major transportation routes, enhancing its appeal to a wide range of potential tenants or developers. This is a rare chance to acquire a significant commercial land holding in a thriving area with high traffic volume and excellent visibility. The property is available for land lease or development, providing flexibility to suit various business needs and investment strategies. Serious inquiries are encouraged to explore the potential of this prime commercial real estate offering. The site's location at a signalized intersection on Route 50 guarantees high visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a high-traffic area. The 9.6 acres offer significant development potential, catering to a range of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $1,520,303

  6.5%

  $1,403,356

  7%

  $1,303,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $805,014

  Geo Method

  $799,639

• Alternative Use

  Use

  Valuation

  Residential

  $1,740,162

  Hospitality

  $1,593,979

  Educational

  $1,326,172

  Medical

  $1,371,781

  Retail

  $2,062,934

Location Insight

City

Schenectady

County

Schenectady

State

New York

Latitude

42.8596

Longitude

-73.9344

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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