41 Vista BlvdSlingerlands, NY 12159

Property Details for 41 Vista Blvd

Year built

2012

Lot size

7.80 AC

Property size (Sq ft)

69,106 SF

Zone code

MED

Property type

Grocery and convenience stores

APN

012200 74.00-1-29.13

APU

12200740012913

Description

This exceptional 69,106-square-foot retail property, located at 41 Vista Boulevard in Albany County, presents a unique investment opportunity. Built in 2012, this single-story building sits on a 7.8-acre lot and boasts impressive ceiling heights ranging from 14 feet to a remarkable 25 feet 6 inches. Currently vacant, the property features a lease in place extending until 2032, providing long-term stability and potential for significant return. The building's strategic location benefits from a strong surrounding commercial environment, including nearby Market 32, Bellini's Italian Eatery, Broadview Federal Credit Union, and Dunkin' Donuts. Furthermore, the property enjoys proximity to Plug Power's new headquarters, housing over 1,100 employees with potential future expansion to 1,600. This prime location is supported by a robust demographic profile, with average household incomes exceeding $198,000 within a one-mile radius. The substantial size and flexible layout of this former grocery box store offer immense potential for a variety of retail uses, making it an attractive proposition for discerning investors seeking a high-value asset in a thriving market. The property's significant size, long-term lease, and prime location combine to create a compelling investment opportunity with substantial upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $25,235,492

  6.5%

  $23,294,300

  7%

  $21,630,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,907,008

  Geo Method

  $22,754,062

• Alternative Use

  Use

  Valuation

  Residential

  $19,649,614

  Hospitality

  $17,998,940

  Educational

  $14,974,907

  Medical

  $15,489,918

  Retail

  $23,294,300

Location Insight

City

Slingerlands

County

Albany

State

New York

Latitude

42.6419

Longitude

-73.8627

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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