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$ 3,890,000
Est. payment /mo
Active
1580 Columbia Tpke Castleton, NY 12033
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11960919
Property Description
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
Location
State NY
County 36083
Rooms
Dining Room 0
Kitchen 0
Tenisha Davis, Licensed Real Estate Broker
Licensed Real Estate Broker - GRI, ABR, CBR, SFR, SRS - Notary Public