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1907 Van Vranken Ave 2,612 SF Retail Building Schenectady, NY 12308 $1,046,940 CAD ($400.82 CAD/SF) 13.26% Cap Rate
INVESTMENT HIGHLIGHTS
- Turn Key Business
- Heavily Traffic Area
- Highly Successful Financials
EXECUTIVE SUMMARY
RARE OPPORTUNITY. Own and expand a Trusted local business for over 30 years. This HIGHLY SUCCESSFUL auto repair shop has been serving the community for decades. Turnkey operation comes fully equipped including customer database, service history, extensive inventory, and top-tier mechanic equipment.4 service bays, 3 hydraulic lifts, and a full suite of professional-grade tools and systems, including:Strut compressor,Plasma cutter,25-ton puller,Tire mounting & balancing machines,Transmission fluid exchanger,Air compressor & powered transmission jack,AC recharge station,MIG welder & acetylene torch,Pipe bender, insulated overhead doors,6-camera security system,EPA-approved space for body work. The property offers an air condition work space with office and lobby.
Private Remarks: This sale Includes 3 parcels. 1907 & 1903 Van Vranken Ave & tax id # 421500 39.35-16.Total acres .24. with 20 with parking spots. 20 car spaces. Zone C5- Includes many other commercial options. No showings during business hours Call listing agent for appointment only.
Private Remarks: This sale Includes 3 parcels. 1907 & 1903 Van Vranken Ave & tax id # 421500 39.35-16.Total acres .24. with 20 with parking spots. 20 car spaces. Zone C5- Includes many other commercial options. No showings during business hours Call listing agent for appointment only.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,612 SF
Building Class
C
Year Built
1955
Price
$1,046,940 CAD
Price Per SF
$400.82 CAD
Cap Rate
13.26%
NOI
$138,824 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
5 - City of Schenectady zoned C5- Business Includes Light manufacturing, Restaurants, Retail, Office, Wholesale, Service and gasoline station, and more.
Parking
23 Spaces (8.81 Spaces per 1,000 SF Leased)
Frontage
132’ on Van Vranken Ave
AMENITIES
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 039-035-0002-014-000-0000 | Improvements Assessment | $98,795 CAD |
| Land Assessment | $28,792 CAD | Total Assessment | $127,586 CAD |
PROPERTY TAXES
Parcel Number
039-035-0002-014-000-0000
Land Assessment
$28,792 CAD
Improvements Assessment
$98,795 CAD
Total Assessment
$127,586 CAD
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1907 Van Vranken Ave
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