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Listed by Philip Sabatino • Hanna Commercial

$779,999

Est. payment - /mo

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11,200 SqFt

New

409 New Karner Road Albany, NY 12205

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 11,200 sqft

Price per Sqft $69

MLS Listing ID 202627839

Year Built 1993

Annual Tax Amount $27,460

Lot Size 0.740 Acres

Acres 0.74

Lot Dimensions 140x197x177x200

Property Sub-Type Office

Source Global MLS

Property Description

Prime investment opportunity in the New Karner Road office corridor, Town of Colonie. This 12,200 SF brick office building built in 1993 features immediate upside with 5,600 SF of vacant space available at closing- Suites 201 (1,400 SF) and 202 (4,200 SF) - ideal for an owner-user or value-add investor. Current ownership will leaseback Suite 102 (2,800 DF) providing the anchor tenant from day one. Remaining tenants deliver stabilized income with annual revenues of $138,540 fully documented. Three years of clean financials available. Ample parking, professional curb appeal, and excellent visibility. Minutes form I-90, I-87, and Wolf Road, Qualified buyers only. NDA and proof of funds required prior to financial disclosure. Contact listing broker for details.

Location

State NY

County Albany

Zoning Commercial

Direction Take Exit 2W (Central Avenue). Head west on central Avenue and turn right into New Karner Road. 409 is a short distance up on the right.

Interior

Interior Features High Speed Internet, Walk-In Closet(s), Built-in Features, Crown Molding, DSL Internet, Elevator

Heating Natural Gas

Flooring Carpet

Exterior

Exterior Feature Lighting

Parking Features Off Street, Paved, Private

Roof Type Flat,Rubber

Building

Lot Description Level

Sewer Public Sewer

Water Public

Architectural Style Office

New Construction No

Others

Tax ID 012689 29.11-5-13.2

Nearby Locations

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Stefanie Waldron

+1(518) 522-1476