2381 RteRavena, NY 12143

For Sale
$1,200,000

High-yield retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 18,432 square foot shopping center presents a compelling investment opportunity in Ravena, New York. Located at 2381 Route 9W, this fully leased property boasts a strong 6.50% capitalization rate and offers significant potential for future growth. Built in 1993, the single-story building sits on a 1.4-acre lot and is zoned for commercial use. The property features a multi-tenant occupancy, ensuring a diversified income stream. With a total of 18,432 square feet, the asking price is $1,200,000, translating to $65.10 per square foot. The property's prime location along the busy Route 9W provides excellent visibility and accessibility, placing it within the area's thriving business district. The Albany County address (APN 168.9-2-5.1) and zip code 12143 further solidify its strategic positioning. This is a rare opportunity to acquire a high-performing, fully occupied retail center with a proven track record and significant upside potential. The property's strong occupancy rate and desirable location make it an ideal addition to any investment portfolio.

Highlights

  • $1,200,000 asking price for this 18,432 square foot shopping center.
  • 6.50% cap rate with 100% occupancy.
  • Located on Route 9W in Ravena, NY, in a prime business district.
  • Single-story, 18,432 SF building on a 1.4-acre lot, built in 1993.
  • Multi-tenant retail property with a price per square foot of $65.10.

Property Details for 2381 Rte

Property type
Lifestyle centers, Power centers
Square Feet
18,432 SF
Year Built
1993
Buildings
1
Stories
1
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Ravena
County
Albany
State
New York
Latitude
42.4735494
Longitude
-73.8188399
2381 Rte, Ravena, New York

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2381 Rte
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