2283 Helderberg TrlBerne, NY 12023

Property Details for 2283 Helderberg Trl

Lot size

7.25 AC

Property type

Warehouses

APN

013200 78.-1-7

APU

132007817

Description

This exceptional business opportunity presents a 315,810-square-foot property located at 2283 Helderberg Trail, Berne, NY 12023, in Albany County. Currently operating as a storage facility, this expansive site offers significant potential for increased profitability and diverse business applications. The asking price is $500,000, translating to $1.58 per square foot, and boasts a current cap rate of 10.15%, with projections indicating a potential increase to 15% through optimized utilization of existing structures. The property includes multiple buildings with concrete floors and power: two 28x60 foot structures, one 30x60 foot structure, one 30x75 foot structure, and one 50x60 foot structure. Additional buildings include a 10x60 foot structure, a horse stable with corral, and a large heated shop building featuring a one-bedroom living area and a separate restroom. The property sits on ample acreage allowing for substantial expansion. The current net annual income exceeds $50,000, with projections of $70,000-$100,000 annually with improved utilization of existing buildings. Built in 1970, this property presents a rare chance to acquire a substantial, income-generating asset with significant upside potential. The property is zoned for business use only.

• Alternative Use

  Use

  Valuation

  Residential

  $89,797,480

  Hospitality

  $82,254,008

  Educational

  $68,434,368

  Medical

  $70,787,936

  Retail

  $106,453,464

Location Insight

City

Berne

County

Albany

State

New York

Latitude

42.6323

Longitude

-74.1851

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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