613 New Loudon RdLatham, NY 12110

For Sale
$4,500,000

Prime Latham location, 25,000 SF, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 25,000-square-foot auto shop situated on a substantial 4.3-acre lot at 613 New Loudon Road in Latham, New York, within Albany County. The property, currently leased to Carvana, offers a significant income stream with the initial lease term expiring December 31, 2026. The tenant holds two three-year options to extend the lease, providing long-term stability and predictable cash flow. The expansive lot provides ample parking, a key advantage for this type of business. Detailed financial information is available upon request to qualified buyers. This offering includes the property at 613 New Loudon Road. The property is classified as retail and is zoned appropriately for its current use as an auto shop. The location in Latham, NY, offers excellent visibility and accessibility, contributing to the property's strong investment potential. This is a rare opportunity to acquire a well-established, income-producing property in a desirable market. Serious inquiries only.

Highlights

  • Excellent location.
  • Ample parking available.
  • Existing lease provides immediate cash flow.
  • 603 New Loudon Road included in asking price.

Property Details for 613 New Loudon Rd

Property type
Other retail properties, Automotive properties
Square Feet
25,000 SF
Lot Size (sq. ft)
187,308 SF

Location Insight

City
Latham
County
Albany
State
New York
Latitude
42.7299815
Longitude
-73.7604379
613 New Loudon Rd, Latham, New York

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613 New Loudon Rd
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