$5,200,000
Colonie, NY 12110
MLS# 202624511
53528 sqft
1 / 11
Property Description
GREAT INVESTMENT OPPORTUNITY for a warehouse in EXCELLENT CONDITION with NYS as a LONG-TERM TENANT, over 30 years at this location, with a newly signed 10 year lease. All increases in operating expenses and taxes above base year are covered by tenant. 7% CAP rate. Warehouse roof replaced in 2026.
Details
Maps
Documents
Contract Information
Status: Active
Property Sub Type: Industrial
Original List Price: 5200000
List Price: $5,200,000
Listing Contract Date: 2026-08-21
Current Price: $5,200,000
List Price/SqFt: 97.15
List Price/Acres: 1857142.86
Location
Street Number: 16
Street Name: Avis
Street Suffix: Drive
County: Albany
State/Province: NY
Postal Code: 12110
City/Town (Mail): Latham
Cross Street: Wade Rd.
Geo Lat: 42.750853
Geo Lon: -73.776781
Property Detail
Year Built: 1972
Year Established: 1972
Stories: 1
Number Of Buildings: 1
Lot Size Square Feet: 121968
Zoning: Industrial
Lot Size Dimensions: 327x361x328x398
Lot Size Acres: 2.8
Building Area Total: 53528
Main Road Frontage: 328
Waterfront Y/N: No
Enhanced Accessible Y/N: Yes
Land Lease Y/N: No
Parking Y/N: Yes
Financial Details
General Taxes: 22519.16
General Taxes Description: Actual
School Taxes: 50904.16
School Taxes Description: Actual
Building Detail
Fire Sprinkler System Y/N: Yes
Fire Sprinkler Description: wet
Office Total SQFT: 3528
Office Ceiling Height: 8
Warehouse Total SQFT: 50000
Warehouse Ceiling Height: 23
# Loading Dock: 5
At Grade Door #: 3
Photos - the contractual owner of the photos
Photo Owner: Broker
Parking Features
Parking Total: 54
Status Change Info
Status Change Date: 2026-08-21
Property Features
Accessibility Features: Accessible Approach with Ramp; Accessible Doors; Accessible Full Bath; Accessible Hallway(s)
Architectural Style: Commercial; Industrial
Construction Materials: Block
Cooling: Central Air
Current Use: Industrial; Office; Warehouse
Business Type: Industrial
Electric: 200+ Amp Service; Three Phase
Flooring: Carpet; Concrete; Vinyl
Heating: Forced Air; Natural Gas
Parking Features: Paved
Possession: At Closing
Possible Use: Industrial; Office/Warehouse; Warehouse; Other
Roof: Other
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Call Listing Agent
Water Source: Public
LDF 
Listing Courtesy of Hanna Commercial
Listing Agent: Jessica L Richer
518-364-7406 | JessicaRicher@HannaCRE.com
518-364-7406 | JessicaRicher@HannaCRE.com
