971 Albany Shaker Rd, Latham, NY, 12110

Highlights

• Tremendous opportunity to purchase a remodeled, high-profile, retail and/or office property in one of the busiest and most central corridors in the Capital Region.
• Front Building - a +/-2,786 SF two-story retail and/or office building, set up for a retail cannabis dispensary.
• Rear Building - a +/-1,666 SF two-story, two-unit building with an office on the first floor, an income-producing apartment on the second floor (a two-bedroom, one bath currently rented at $1,600/month), and a one-car garage.
• Exterior property upgrades - new siding, soffits, and fascia to the front building, new exterior lighting, new exterior security lighting, windows removed in the front building for security purposes for dispensary use, new ADA railings on the access ramp, irrigation and grade improvements, and a new concrete walkway in the front.
• Interior property upgrades - backflow preventers installed in both buildings, ADA-compliant water fountains, updates to the fire and security system, new electric sub panel and sub meter in the rear building, new fixtures and renovations to the apartment.

Description

The Seller has recently completed significant, cosmetic and structural improvements to the property.

EXCELLENT SITE FOR A DISPENSARY AS THE SELLER PREVIOUSLY OBTAINED A CERTIFICATE OF OCCUPANCY FROM THE TOWN OF COLONIE TO OPERATE A RETAIL CANNABIS FACILITY AT THE PROPERTY.

Traffic counts in excess of 17,000 cars/day on Albany Shaker Road. Traffic counts approaching 40,000 cars/day on neighboring Troy-Schenectady Road/Route 7. Close proximity to the airport, Wolf Road, I-87, and the Colonie and Niskayuna markets. Located directly across from Plug Power with a shared entrance with the Regional Food Bank.

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