1580 Columbia Turnpike
- Commercial
- MLS # 202625178
Property Details
- Acres: 5.33
- Building Area: 36,000
- Town: Schodack
- Property Type: Commercial
- Estimated Taxes: $7,512,629
- Water: Public
- Sewer: Septic Tank
- Heat: Forced Air, Natural Gas
- Property Style: Office, Commercial
- Basement: None
- Exterior: Brick Veneer, Vinyl Siding
- Exterior Features: Garden, Lighting
- County: Rensselaer
- Cooling: Central Air
- Parking Spaces: 140
- Zoning: Commercial
- Available SqFt: 5,000
Remarks
High yield value add real estate. The Schodack Park, is a premier commercial compound delivering a rock solid gross annual income of $335,000. This 36,000 SF, 5-building asset is +/- 87% occupied with 10 active leases in place, 9 of which are structured as low-management, Triple-Net (NNN) agreements. Zoned HC (Highway Commercial), the complex features 30,000 SF of functional office/flex space and a 6,000 SF warehouse, supported by 140 parking spaces. This well-maintained asset offers dependable income, tenant diversification, and clear upside through future upgrades and lease-up. Recently completed CapEx including but not limited to: a new parking lot, upgraded site work, landscaping, and full interior/exterior LED light upgrade, and upgraded septic system. 1 mile from I90's Exits 10 & 11
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Contact Daniel Davies
NYS Licensed Real Estate Broker GRI, ABR, RSPS,SRS,C2EX
(518) 656-9068
dan@daviesrealty.net
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