11 Vista BlvdSlingerlands, NY 12159

Property Details for 11 Vista Blvd

Year built

2012

Lot size

0.57 AC

Property size (Sq ft)

2,576 SF

Zone code

MED

Property type

Banks

APN

012200 74.00-1-29.14

APU

12200740012914

Description

This exceptional single-tenant retail bank building, located at 11 Vista Blvd in Shop Rite Plaza, presents a unique investment opportunity. Built in 2012, the property boasts 2,576 square feet of space and features a convenient drive-thru. Situated off Route 85, this location benefits from high visibility and exceptional traffic counts, exceeding 17,000 vehicles daily. The building is a single-story structure with ample parking, providing 35 spaces for customers and employees. The property is currently under a sublease agreement with nine years remaining, offering long-term stability and potential for significant return on investment. Located in Albany County, this property is surrounded by other retail establishments and shopping centers, ensuring a thriving commercial environment. The building's prime location and substantial traffic volume make it an ideal space for a variety of financial institutions or businesses seeking high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, established retail space in a high-traffic area with a long-term lease in place. Contact us today for further details and pricing information.

• CAP approach

  CAP return

  Valuation

  6%

  $940,680

  6.5%

  $868,320

  7%

  $806,297

• Comparable approach

  Method

  Valuation

  Relative Method

  $853,883

  Geo Method

  $848,182

• Alternative Use

  Use

  Valuation

  Residential

  $732,460

  Hospitality

  $670,930

  Educational

  $558,206

  Medical

  $577,403

  Retail

  $868,320

Location Insight

City

Slingerlands

County

Albany

State

New York

Latitude

42.6408

Longitude

-73.8607

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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