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Peter Harris Plaza - Shopping Center

952 Troy Schenectady Road, Albany, New York 12210
Sale Price: $18,079,106
Price/SF: $27.13 
Available Date: 06/02/2024 
Property Type: Retail 
Property Subtype: Anchored Shopping Center 
Available Space:
666,400 SF
Total Building: 86,000 SF
Lot Size: 15.3 Acres 
On the market for: 253 days
REC Property ID: COM402
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
 

Documents

  • Traffic Light At Entrance
  • Digital Pylon Sign
  • Abundance of Parking
  • Unobstructed Street Visibility For All Tenants
  • 37,800 Cars/Day Passing The Center

Description

Peter Harris Plaza is a landmark in Latham and is extremely well known in the community.  This center is located on the heavily traveled Route 7 corridor that services Latham, Colonie, and Niskayuna customers.  It is located less than 1.5 miles from Exit 6 on I-87.  Latham is the Capital Region's primary regional shopping and dining area.  Peter Harris Plaza has a signalized entrance and ample parking.  The plaza rarely has vacancy and when one vacancy occurs, the space rents quickly.  Desirable market with excellent mix of uses found in the center.  
Latham is a thriving suburb of Albany, NY, located in Albany County. The area is home to a variety of commercial properties, including retail, office, and industrial spaces. One of the key selling points of Latham is its convenient location, which provides easy access to the entire Capital Region. From an investment perspective, Latham has a lot to offer. The area is known for its strong rental demand, particularly in the retail and office sectors. The retail sector, in particular, has experienced strong growth in recent years, with major shopping centers such as Latham Farms, Newton Plaza, and Shoppes at Latham Circle driving demand for retail space. In addition to retail, Latham also offers strong investment opportunities in the office and industrial sectors. 

Maps

  

Property Details

Lot Size: 15.3 Acres
Street Frontage: 400.0
Lot Depth: 500.0 Feet
Ceiling Height: 14 Feet
Year Built: 1990
Parking Spaces: 700
Zoning: COR
Tax ID/Parcel Number: 43-5.2-1
Sign on Property: Yes
Co-tenants: Peter Harris Clothes
Play It Again Sports
California Closets
Tuxego
Parable Christian Store
El Charro Mexican Restaurant
Seoul Korean Restaurant
Royal Smoke Shop
Shalimar Indian Restaurant
Wellnest Studios
Maestro's Barbershop
Baseball Performance
Mercato's Italian &amp
VT Nails and Spa
Mercato's Italian Restaurant and Seafood

Building Details

Stories: 1
Units: 17
Loading Docks: 8
Overhead Doors: 7
Elevators: 0
HVAC: Gas Rooftop
Power Amps: 200
Power Phase: 3
Heat: Gas
Sprinkler: Wet
Roof: Rubber
Sanitary System: Sewer
Water: Public
Condition: Excellent

Tax Details

School Tax: $10,000.00
City Tax: $10,000.00
Property Tax: $10,000.00

Cost Details

Not provided

Contact Details

Leasing/Sales Contact
Todd Drowlette
Managing Director
NYS Licensed Real Estate Broker
TITAN Commercial Realty Group LLC
24 Aviation Road, Suite 202
Albany, New York 12205

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