5 Elmwood Rd
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5 Elmwood Rd
40,600 SF Retail Building Menands, NY 12204 $3,164,400 CAD ($78 CAD/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
$3,164,400 CAD
Price Per SF
$78 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Land Acres
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 Number | 012603-055-006-0002-002-001-0000 | Improvements Assessment | $724,998 CAD |
| Land Assessment | $1,424,480 CAD | Total Assessment | $2,149,478 CAD |
PROPERTY TAXES
Parcel Number
012603-055-006-0002-002-001-0000
Land Assessment
$1,424,480 CAD
Improvements Assessment
$724,998 CAD
Total Assessment
$2,149,478 CAD
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Philip Sabatino -
Hanna Commercial Real Estate
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5 Elmwood Rd
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