11 River RdGlenmont, NY 12077

Property Details for 11 River Rd

Year built

1973

Lot size

5.90 AC

Property size (Sq ft)

8,169 SF

Zone code

RLI

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

012200 87.03-2-9

APU

12200870329

Description

This exceptional commercial property located at 11 River Rd, Glenmont, NY, presents a unique opportunity for businesses seeking a substantial presence in a desirable location. The property encompasses a generous 5.9 acres of land, offering significant potential for expansion, development, or ample parking. The existing office building presents a solid foundation for immediate occupancy or redevelopment, allowing for customization to suit specific business needs. The property's address on River Road provides excellent visibility and accessibility, ensuring convenient access for employees and clients alike. The expansive acreage offers flexibility for future growth and development, allowing for the addition of further buildings or the creation of outdoor amenities. Given the size of the land parcel and the strategic location in Glenmont, NY, this property represents a rare investment opportunity with considerable upside potential. The absence of a listed square footage allows for a flexible approach to development and utilization, catering to a wide range of business requirements. Serious inquiries are encouraged to explore the possibilities this property offers. The property is being offered at a price to be determined, reflecting the unique characteristics and potential of this significant land holding. Interested parties should contact the listing agent for further details and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $2,029,306

  6.5%

  $1,873,206

  7%

  $1,739,405

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,074,536

  Geo Method

  $1,067,362

• Alternative Use

  Use

  Valuation

  Residential

  $2,322,775

  Hospitality

  $2,127,650

  Educational

  $1,770,179

  Medical

  $1,831,059

  Retail

  $2,753,612

Location Insight

City

Glenmont

County

Albany

State

New York

Latitude

42.6196

Longitude

-73.7681

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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