1580 Columbia Turnpike, Castleton, NY 12033
sale
$3,890,000
|
Other
Courtesy Of Coldwell Banker Prime Properties
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
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Property Features
- Age: 31-40 Years Old
- Amenities: Garden
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Brick Veneer
- Exterior Type: Vinyl Siding
- Floor Covering: Vinyl
- Floor Covering: Tile
- Floor Covering: Concrete
- Floor Covering: Hardwood
- Floor Covering: Carpet
- Floors: 2
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: 202625178
- Parking Spaces: 140
- Roof Type: Asphalt
- Roof Type: Shingle
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