2080 Western AveGuilderland, NY 12084

Property Details for 2080 Western Ave

Year built

1973

Lot size

13.69 AC

Property size (Sq ft)

161,797 SF

Zone code

GB

Property type

Strip malls

Property subtype

Neighborhood centers

APN

013089 51.02-2-4

APU

13089510224

Description

This exceptional 2,950 square foot Class A office suite is located in the vibrant Hamilton Square Shopping Plaza at 2080 Western Ave, Suite 115. Situated in a high-traffic area with excellent visibility along Western Ave, this in-line corner suite boasts a desirable location with easy access via I-87. The space is currently built out as an office, featuring six private offices, a breakroom, a large conference room, a reception area, and two bathrooms. Additional amenities include building signage and an alarm system. The sublease runs through April 2029. The property is part of a larger 161,797 square foot building on a 13.69-acre lot, built in 1973, and offers 750 parking spaces. The building features a 10-foot ceiling height. Strong co-tenancy includes well-known businesses such as Juniors Bar and Grill, Market 32, Jimmy Johns, Vent Fitness, Starbucks, Sherwin-Williams Paint, Empire Vision, M&T Bank, and Priority One Urgent Care. The property is zoned for General Business (APN: 51.02-2-4) and is easily accessible from New Karner Road. This is a rare opportunity to secure a well-appointed office space in a thriving retail center. Minimum divisible space is 2,950 square feet, with a maximum contiguous space of 2,950 square feet. The building is a single-story structure.

• CAP approach

  CAP return

  Valuation

  6%

  $59,083,536

  6.5%

  $54,538,652

  7%

  $50,643,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $53,631,888

  Geo Method

  $53,273,796

• Alternative Use

  Use

  Valuation

  Residential

  $46,005,392

  Hospitality

  $42,140,692

  Educational

  $35,060,560

  Medical

  $36,266,348

  Retail

  $54,538,652

Location Insight

City

Guilderland

County

Albany

State

New York

Latitude

42.6977

Longitude

-73.8923

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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