Multiple parcels that can be combined into one larger parcel
Turn-key bank branch for NNN lease
Busy intersection with excellent traffic counts
Close to multiple highways in Albany MSA
Description
Existing bank branch available for NNN lease or redevelopment, as well as a vacant commercial parcel right at the corner. This site and the adjacent vacant parcel can also be combined for a ground lease or NNN lease and redeveloped into a larger, more sophisticated project.
The available land and freestanding building are located at a traffic circle in Rotterdam, next to the town of Schenectady in the Albany, NY MSA. This commercial real estate sits at an incredible intersection and is a key traffic hub into and out of Rotterdam. Situated just half a mile from the on/off ramps for I-890, a limited access highway in the Albany MSA this is a great location for a carwash, convince store, or QSR retailer. I-890 also connect to I-90/NYS Thruway, another major highway in the Albany MSA providing another source of regular traffic.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
