1580 Columbia Turnpike
$3,890,000
1580 Columbia Turnpike, Castleton-on-Hudson, NY 12033
36,000 sqft
Building Size
232,175 sqft
Lot Area
Details:
Highlights:
- Cooling: Central A/C
- Sewer: Septic
- Heating Type: Forced Air
- Water: City Water
Description:
High yield value add real estate. The Schodack Park, is a premier commercial compound delivering a rock solid gross annual income of $335,000. This 36,000 SF, 5-building asset is +/- 87% occupied with 10 active leases in place, 9 of which are structured as low-management, Triple-Net (NNN) agreements. Zoned HC (Highway Commercial), the complex features 30,000 SF of functional office/flex space and a 6,000 SF warehouse, supported by 140 parking spaces. This well-maintained asset offers dependable income, tenant diversification, and clear upside through future upgrades and lease-up. Recently completed CapEx including but not limited to: a new parking lot, upgraded site work, landscaping, and full interior/exterior LED light upgrade, and upgraded septic system. 1 mile from I90's Exits 10 & 11
Listing ID: c9a30e5f-a051-4ed5-8073-560c4805a2c6
Location
Gallery