18 Wolf RdColonie, NY 12205

Property Details for 18 Wolf Rd

Year built

1997

Lot size

0.92 AC

Property size (Sq ft)

9,886 SF

Zone code

46

Property type

Investment properties

Property subtype

Retail residential properties

APN

012601 42.9-3-3

APU

1260142933

Description

This exceptional retail space, totaling 2,840 square feet, is ideally situated in the Village of Colonie on Wolf Road, just north of Central Avenue and the I-87 exit. The property is part of a larger power center with a total of 9,886 square feet across three suites, built in 1997. This location boasts excellent visibility and accessibility, benefiting from its proximity to major thoroughfares like I-87 and I-90. The property offers convenient access to the Colonie Center Mall, Whole Foods, Men's Wearhouse, AJW Caribbean Restaurant, DXL, and other established businesses, ensuring high foot traffic and strong demographics. The site includes 50 parking spaces for ample customer convenience. A key advantage is the cross-easement access to Bed Bath & Beyond and a traffic light leading directly to the main entrance of the Colonie Center Mall, maximizing exposure. The property is adjacent to the Holiday Inn Express & Suites and Super 8, further enhancing its visibility and accessibility. The space has the potential for a drive-thru, adding to its versatility and appeal. The zoning is designated as Retail, and the Albany County property features a convenient shared light system. This is a rare opportunity to secure a prime retail location in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,045,236

  6.5%

  $2,810,987

  7%

  $2,610,202

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,015,600

  Geo Method

  $2,002,142

• Alternative Use

  Use

  Valuation

  Residential

  $2,810,987

  Hospitality

  $2,574,849

  Educational

  $2,142,244

  Medical

  $2,215,920

  Retail

  $3,332,380

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.7107

Longitude

-73.8202

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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