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Listed by Craig Clermont • Carrow Real Estate Services LLC
$2,150,000
Est. payment /mo
7,624 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202627904
Year Built 1965
Annual Tax Amount $28,200
Lot Size 7,624 Sqft
Acres 0.7
Lot Dimensions 30492 sq ft
Property Sub-Type Business
Source Global MLS
Property Description
Carrow Real Estate Services presents 704 Loudon Rd, a multi-tenant commercial investment in Latham's Route 9 corridor. Two occupied suites generate $134,987 in annual NNN base rent, Both occupied leases feature 3% annual rent increases and Two 5-year renewal options. A vacant 1,153 SF office suite provides additional lease-up upside estimated at $12,000-$15,000 annually.
Location
State NY
County Albany
Zoning Commercial
Direction I-87 Exit 7 towards NY-2 E to left on New Loudon Rd.
Interior
Heating Forced Air
Exterior
Parking Features Paved
Porch Patio
Building
Sewer Public Sewer
Water Public
Architectural Style Office, Commercial
New Construction No
Schools
School District North Colonie (Including Maplewood)
Others
Tax ID 012689 31.6-2-6.1
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Nearby School & Business
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Catherine Combs
Lic. Real Estate Salesperson License ID: 10401345850
Lic. Real Estate Salesperson License ID: 10401345850