1649 Columbia Turnpike, Castleton, NY 12033
Basics
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MLS Number: 202600424
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Address: 1649 Columbia Turnpike, Castleton, NY 12033
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Listing Category: Retail, Other
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Listing Type: For Sale
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Zoning: TC-3
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Stories: 0
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Ceiling Height: 12
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Parking Spaces: 200
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Area, sq ft: 767963 sq ft
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Available SF: 34,184
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Available Warehouse SF: 200
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Available Retail SF: 33,984
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Year built: 1965
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Road Frontage: 233
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Directions: I-90 to Exit 11W, property is at 1st traffic light opposite Schodack Town Hall
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# of Loading Docks: 1
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Date added: Added 13 hours ago
Description
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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 to7.52% 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
Documents
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Documents:
1649-Columbia-Turnpike-JV-2.pdf
13.32 MB
