1580 Columbia Turnpike - Castleton, NY 12033
$3,890,000
- MLS # 202625178
- 12 days on the market
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
Property Details:
- Acres: 5.33
- Above Ground Square Feet: 36000
- 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
- Units: 5000
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We have vacationed and enjoyed Lake George and Bolton Landing for many years. Holly Dansbury has been helping us on our search for our vacation home. It didn’t take Holly long to know exactly what we wanted. She diligently worked with us to find the exact fit for our family’s needs. Even when life got very busy, Holly would always keep us informed of anything she thought might interest us. She was always available to show us any possibilities. Holly’s knowledge and patience has made the house hunting experience very enjoyable.We would definitely recommend Holly Dansbury to anyone looking for a home in the Lake George Region. Thank you, Holly!