2093 Western AveGuilderland, NY 12084

Property Details for 2093 Western Ave

Year built

1988

Lot size

3.80 AC

Property size (Sq ft)

3,072 SF

Zone code

BNRP

Property type

Office buildings

APN

013089 51.02-1-17

APU

130895102117

Description

This exceptional 3.8-acre parcel located at 2093 Western Avenue in Guilderland, New York presents a remarkable opportunity for retail development. The property's expansive size offers significant potential for a variety of commercial ventures, allowing for substantial building footprints and ample parking. Its strategic location on Western Avenue ensures high visibility and accessibility, benefiting from significant daily traffic flow. The address is well-situated within a thriving commercial corridor, providing convenient access to a robust customer base and neighboring businesses. This presents a unique chance to establish a prominent retail presence in a rapidly growing area. The absence of existing structures allows for complete design flexibility, enabling developers to tailor the project to their specific vision and needs. This blank canvas offers the opportunity to create a modern, efficient, and attractive retail space that will meet the demands of the local market. Serious inquiries are encouraged to explore the possibilities of this exceptional development site. The property is offered at a price to be determined, reflecting its significant potential and prime location. Interested parties should contact the listing agent for further details and to discuss pricing. This is a rare opportunity to acquire a substantial retail parcel in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $763,132

  6.5%

  $704,430

  7%

  $654,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $404,086

  Geo Method

  $401,388

• Alternative Use

  Use

  Valuation

  Residential

  $873,493

  Hospitality

  $800,115

  Educational

  $665,686

  Medical

  $688,580

  Retail

  $1,035,512

Location Insight

City

Guilderland

County

Albany

State

New York

Latitude

42.6993

Longitude

-73.8924

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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