549 Troy Schenectady RdLatham, NY 12110

  • Drive through restaurants
  • 3,835 SF
For Lease
$35/SF/YR View listing

Property Details for 549 Troy Schenectady Rd

Year built
2003
Lot size
2.52 AC
Property size (Sq ft)
3,835 SF
Zone code
16
Property type
Drive through restaurants
APN
012689 19.3-3-3
APU
1268919333

Description

This exceptional 1,788 square foot retail storefront is located at 549 Troy Schenectady Road in Latham, NY, on the highly visible Route 7/Route 2 corridor. Currently, one suite is available, totaling 1,728 square feet, offering an excellent opportunity for a variety of businesses. The property is situated in an established retail center, sharing space with prominent tenants such as Starbucks and Mayfair Jewelry Store, ensuring high foot traffic and visibility. The end-cap location provides exceptional street frontage and exposure. The space is ideal for a range of uses, including but not limited to small medical practices, insurance agencies, or other retail businesses seeking a prime location with significant visibility. The building is located in Albany County and offers a single suite within a multi-tenant building. This is a rare opportunity to secure a well-positioned retail space in a thriving commercial area. The property's location on a major thoroughfare guarantees high traffic volume, providing significant potential for business growth and success. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional space offers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,400,430
    6.5%
    $1,292,705
    7%
    $1,200,368
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,271,212
    Geo Method
    $1,262,724
  • Alternative Use

    Use
    Valuation
    Residential
    $1,090,445
    Hospitality
    $998,841
    Educational
    $831,024
    Medical
    $859,605
    Retail
    $1,292,705

Location Insight

City
Latham
County
Albany
State
New York
Latitude
42.7511
Longitude
-73.764
CBSA code
10580
CBSA name
ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$630,000
$420,000
$1,050,000
-
$1,235,280
$823,520
$2,058,800

FAQs

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