613 New Loudon RdLatham, NY 12110

Property Details for 613 New Loudon Rd

Year built

1960

Lot size

2.98 AC

Property size (Sq ft)

24,488 SF

Zone code

12

Property type

Automotive properties

APN

012689 31.4-1-4

APU

1268931414

Description

This exceptional investment opportunity presents a 25,000-square-foot auto shop situated on a substantial 4.3-acre lot at 613 New Loudon Road in Latham, New York, within Albany County. The property, currently leased to Carvana, offers a significant income stream with the initial lease term expiring December 31, 2026. The tenant holds two three-year options to extend the lease, providing long-term stability and predictable cash flow. The expansive lot provides ample parking, a key advantage for this type of business. Detailed financial information is available upon request to qualified buyers. This offering includes the property at 613 New Loudon Road. The property is classified as retail and is zoned appropriately for its current use as an auto shop. The location in Latham, NY, offers excellent visibility and accessibility, contributing to the property's strong investment potential. This is a rare opportunity to acquire a well-established, income-producing property in a desirable market. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $8,942,302

  6.5%

  $8,254,433

  7%

  $7,664,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,117,194

  Geo Method

  $8,062,997

• Alternative Use

  Use

  Valuation

  Residential

  $6,962,923

  Hospitality

  $6,378,000

  Educational

  $5,306,421

  Medical

  $5,488,917

  Retail

  $8,254,433

Location Insight

City

Latham

County

Albany

State

New York

Latitude

42.7299

Longitude

-73.7601

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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