5 Elmwood Rd - Retail FOR SALE


Menands, NY 12204
$1,750,000 USD
518-376-2717
5 Elmwood Rd, Menands, NY for Sale
$1,750,000 USD
Retail - FOR SALE
1/12
null | Request Cap Rate

5 Elmwood Rd
Menands, NY 12204


HIGHLIGHTS

  • Warehousing , distribution facility
  • Highway access
  • New Roof, new electrical, new parking lot. Current owner will build to suit

OVERVIEW

Rare opportunity to acquire a 40,600 SF warehouse/distribution building on 3.22± acres in Menands with immediate access to Route 378 and I-787. Formerly Olympic Lanes, the main bowling floor has been gutted to clean, wide-open space with 14' ceilings, offering maximum flexibility for warehousing, distribution, or light industrial use. A newly paved parking field wraps the property—ideal for fleet storage, staging, or heavy parking needs. A true blank canvas ready to be finished to your specifications. Approved use variance for warehouse/distribution is in place and runs with the land—no zoning hurdles. Minutes to downtown Albany, the Port of Albany, and the full Capital Region highway network. $1,750,000 ($43/SF) or $7.00 PSF NNN lease. OM and survey available.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Distribution, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

T4

APN/PARCEL ID

012603 55.6-1-3

ASK ABOUT THIS PROPERTY

Philip SabatinoHanna Commercial Real EstateMore Info
518-376-2717

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Philip SabatinoHanna Commercial Real EstateMore Info
518-376-2717

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.