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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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