205 Park AveMechanicville, NY 12118

Property Details for 205 Park Ave

Year built

1978

Lot size

0.19 AC

Property size (Sq ft)

4,814 SF

Zone code

05 - COMMERCIAL

Property type

Turn key restaurants

APN

411000 262.61-4-18

APU

41100026261418

Description

This exceptional 0.19-acre commercial lot presents a unique investment opportunity in the vibrant city of Mechanicville, NY. Situated at the prominent address of 205 Park Avenue, this property offers unparalleled potential for a variety of commercial ventures. The lot's size provides ample space for development, allowing for flexibility in design and construction plans. Its strategic location on Park Avenue ensures high visibility and accessibility, attracting significant foot traffic and potential customers. The property is conveniently located within Mechanicville, offering easy access to major transportation routes and a thriving local community. This makes it an attractive location for businesses seeking a strong presence in a dynamic market. The asking price of $425,000 reflects the significant value and potential return on investment this property offers. Given its prime location and considerable size, this lot represents a rare opportunity for astute investors and developers seeking a foothold in a growing market. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. The absence of existing structures allows for complete design freedom, catering to a wide range of commercial development projects. This is a chance to build a business from the ground up in a desirable and accessible location. Don't miss this opportunity to acquire a valuable piece of Mechanicville real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $1,757,932

  6.5%

  $1,622,707

  7%

  $1,506,799

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,595,727

  Geo Method

  $1,585,073

• Alternative Use

  Use

  Valuation

  Residential

  $1,368,814

  Hospitality

  $1,253,826

  Educational

  $1,043,169

  Medical

  $1,079,045

  Retail

  $1,622,707

Location Insight

City

Mechanicville

County

Saratoga

State

New York

Latitude

42.9031

Longitude

-73.6882

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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