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1649 Columbia Turnpike, Castleton, NY 12033

$4,700,000.00
  • 1649 Columbia Turnpike, Castleton, NY 12033 Main Photo

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New to the Market Active
SQUARE FEET34,184 MLS#202600424
STATUSActive PROPERTY TYPECommercial - Retail

Property Description

Fully Occupied Neighborhood Shopping Center just off I-90, Exit 11. Tenant Mix includes: Tractor Supply, US Post Office, Wine & Liquor store, Hair Salon, Laundromat and a Cannabis retailer. The neighboring Neighboring Walgreens is a draw to the plaza as well. Stable tenancy with only new tenant in the 13 years that the current landlord has owned the property. Leases are NNN with regular base rent increases. Large, highly visible monument sign along busy Columbia Turnpike. Tenants are responsible for the mechanicals in their space and repairs. Two exclusions on file. Current Cap Rate is 6.96% with it going to 7.52% with rent bumps in 2027. There is approx. 4 acres of buildable land as a bonus. Financials available to qualified buyers. Do not disturb or speak with tenants or their staff

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Heating: Forced Air, Zoned, Natural Gas
Home Style: Retail
Lot Size: 17.63 Acres
Roof Type: Rubber
Stories: 1.0
Taxes: $93,682
Year Built: 1965

Feature Descriptions

# Of Loading Docks: 1
Building Ceiling Height: 12
Current Use: Shopping Center
Days on Site: 1
Electric Phase: Circuit Breakers
Exterior: Brick
General Taxes: 35177.00
Lot Dimensions: 0
Parking: Off Street, Lighted, Parking Lot, Paved, Private
Parking Spaces: 200
possible Use: Office/Retail, Investment, Laundromat, Medical/Dental, Tavern Plus, Tavern, Shopping Center, Restaurant, Retail
Retail Ceiling Height: 12
School Taxes: 58505.00
Sewer: Septic Tank
Sprinklers: Yes
SQFT Retail Total: 33984
SQFT Warehouse Total: 200
Tenant Pays: Central Air, Water, Gas, Increase Over Base Year Expense, Common Area Maintenance, Taxes, Insurance, Trash Collection, Management, Hot Water, Electricity
Warehouse Ceiling Height: 12
Water: Public

Listed By / Shown By

Listing By

Agency Name: NAI Platform
Agency Phone: (518) 465-1400

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