Hudson Valley Plaza 75-81 Vandenburgh Ave 14,578 SF of Retail Space Available in Troy, NY 12180

For Sale or Lease. Seller Financing may be possible. Sale price $3.75M. Lease $27.00/sq ft. NNN. May be sub-divided. High visibility on a corner across from the Community College in an upscale neighborhood. Turn Key Opportunity. Fully furnished with ready to function pharmacy which may be sub-leased in a separate area. Display cases, retail shelving, wall of refrigeration display cases for beverages, security system with cameras, cash registers, phone system ready to stock. .60± acres site with 14,578 sq. ft. retail space located at 85 Vandenburgh Avenue, City of Troy, County of Rensselaer, State of New York across the Hudson river near the capital of New York, Albany. General Construction Class D construction (Marshall Valuation) with masonry and steel frame. The building is set on slab at grade and features a membrane roof over metal deck. Exterior Finish Brick exterior with decorative cornice. Public entry is canopied with glass vestibule and motion-activated door sets. There is storefront glass, and panel window sets surrounding the building. Drive–thru window. Interior Finishes Standard finishes include carpet tiles and VCT floors, acoustical drop ceilings with recessed parabolic lights, and painted walls. Mechanical Systems Rooftop package HVAC supporting the entire building. Electric service, domestic hot water and other mechanical services are placed to meet the tenant needs and assumed adequate for the use. There is good access from Vandenburgh Avenue via the right-of way providing access to the adjacent shopping center. Visibility is good from the two main streets. Based on a review of Flood Insurance Rate Map #3606770004B for city of Troy, the subject site appears to be located in a minimal risk zone. Located in the Capital District, the subject property is located within a 10-county area encompassing New York State's Capital Region. This area, totaling 6,085 square miles, includes counties of Albany, Columbia, Fulton, Greene, Montgomery, Rensselaer , Saratoga, Schenectady, Warren, and Washington. Transportation facilities which support the region are considered excellent, and include a modern passenger terminal at the Albany International Airport (circa 1998) along with passenger and freight rail services. Albany International Airport is a valuable economic force in region, providing over 10,000 full-time jobs. The airport is home to 14 commercial airlines and four cargo services. This major transportation hub connects the capital region with the world. Other important transportation systems serving the region include a well-maintained highway network, passenger/freight rail services and deep channel waterways. These networks serve a 10-county population base of 1,121,861 (2010 Census), which represents 4.69% increase since 2000. Albany County is the largest of 10 counties, having 304,204 residents, and Saratoga County leads the way in population growth since 2000 (9.5%). Neighborhood Summary: the Route 4 corridor continues to serve as a commercial center for Rensselaer County. Many of the sales and services that exist along this corridor are duplicated in Albany County, but have been brought to this district for convenience to residents and as a result of favorable demographics. There is nothing in the foreseeable future that may alter this perception.