1238 4Th AveWatervliet, NY 12189

Property Details for 1238 4Th Ave

Year built

1935

Lot size

0.14 AC

Property size (Sq ft)

7,290 SF

Zone code

R2

Property type

Investment properties

Property subtype

Live-work space

APN

011800 32.82-2-30

APU

118003282230

Description

This exceptional 6,000-square-foot industrial property, classified as Class C, offers a unique opportunity for businesses seeking flexible space. Currently, 3,200 square feet are immediately available for lease within this multi-tenant building, constructed in 1935. The space features a 12.5-foot ceiling height, perfect for various storage and operational needs. One drive-in door provides convenient access. The property includes a 100-amp power supply. The existing layout includes office and kitchen areas, adding to its versatility. Situated on a 0.14-acre lot, this property is zoned R-2 with a non-conforming use permit, allowing for general storage, office, or showroom uses. Please note that automotive repair is not permitted under the current zoning and permit. The minimum divisible space is 3,200 square feet, making it suitable for a single tenant or potentially divisible for smaller businesses. This presents a rare chance to secure affordable and adaptable space in a convenient location. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,810,949

  6.5%

  $1,671,645

  7%

  $1,552,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $958,914

  Geo Method

  $952,511

• Alternative Use

  Use

  Valuation

  Residential

  $2,072,840

  Hospitality

  $1,898,710

  Educational

  $1,579,705

  Medical

  $1,634,033

  Retail

  $2,457,318

Location Insight

City

Watervliet

County

Albany

State

New York

Latitude

42.7236

Longitude

-73.7055

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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