5 Elmwood Rd 40,600 SF Retail Building Menands, NY 12204 $2,250,000 ($55.42/SF)
INVESTMENT HIGHLIGHTS
- Warehousing , distribution facility
- New Roof, new electrical, new parking lot. Current owner will build to suit
- Highway access
EXECUTIVE SUMMARY
For Sale or lease. This was a former bowling alley that is being converted into warehouse space. The owner will build to suit. There is an existing 40,600 sq. f.t. building on site with room to expand. Asking $7.00 a s.q. f.t. or $2,250,000 for a purchase. This is an amazing location with highway access to all areas of the capital region.Property was given a use variance to allow warehousing and a distribution facility.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
40,600 SF
Building Class
C
Year Built/Renovated
1930/2024
Price
$2,250,000
Price Per SF
$55.42
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
3.20 AC
Zoning
T4 - Property was granted a use variance to allow warehousing and a distribution facility.
Parking
50 Spaces (1.23 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $898,800 | |
| Land Assessment | $1,151,200 | Total Assessment | $2,050,000 |
