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1580 Columbia Turnpike

Castleton, NY 12033

Active

$3,890,000

Listing by:
David J Skoney
Coldwell Banker Prime Properties
518-892-4251

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

$3,890,000
0.0
Bedroom
0
Bathroom
36,000
Sq. Ft.
$ 108
$/Sq. Ft.
5.33
Acres
Year Built:
1987
County:
Rensselaer
Acres:
5.33
Listing Agent:
David J Skoney
Listing Office:
Coldwell Banker Prime Properties
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Features

Square Feet: 36,000
Town: Castleton
Bedrooms: 0
Full Bathrooms: 0
Estimated Taxes: $7,512,629
Water: Public
Sewer: Septic Tank
Heat: Forced Air, Natural Gas
Garage: 0
Property Style: Office, Commercial
Exterior: Brick Veneer, Vinyl Siding
Exterior Features: Garden, Lighting
Cooling: Central Air
Parking Spaces: 140
Zoning: Commercial
Units: 5000

Location



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