159 Bridge AveCohoes, NY 12047

Property Details for 159 Bridge Ave

Year built

1963

Lot size

0.11 AC

Property size (Sq ft)

6,357 SF

Zone code

03 - MULTI-FAMILY

Property type

Bars

Property subtype

Pubs

APN

010300 10.76-4-15

APU

103001076415

Description

This exceptional commercial property, situated at 159 Bridge Avenue in the vibrant city of Cohoes, New York, presents a compelling investment opportunity. Encompassing a generous 0.11-acre lot, this property offers significant potential for a variety of commercial ventures. The building itself is ready for immediate occupancy or redevelopment, allowing for customization to suit specific business needs. Its strategic location in Cohoes provides excellent visibility and accessibility, ensuring high traffic flow and convenient access for customers and employees. The asking price of $735,000 reflects the property's prime location and development potential. This is an ideal opportunity for entrepreneurs and investors seeking a foothold in a thriving New York market. The property's size and location make it suitable for a range of businesses, from retail establishments to offices or light industrial uses. Further investigation into zoning regulations and permitted uses is encouraged to fully explore the possibilities. Don't miss this chance to acquire a valuable commercial asset in a dynamic and growing community. Serious inquiries are welcome. The property is offered as-is. Detailed information regarding the building's square footage and internal layout is available upon request. Act quickly to secure this exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,321,391

  6.5%

  $2,142,822

  7%

  $1,989,764

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,107,196

  Geo Method

  $2,093,126

• Alternative Use

  Use

  Valuation

  Residential

  $1,807,551

  Hospitality

  $1,655,707

  Educational

  $1,377,528

  Medical

  $1,424,904

  Retail

  $2,142,822

Location Insight

City

Cohoes

County

Albany

State

New York

Latitude

42.768

Longitude

-73.6937

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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