Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap is pleased to present a vacant, free-standing, retail building shadow anchored by Lowe’s and Tractor Supply located at 4822 State Highway 30, in Amsterdam, New York (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. Built in 1992, the Property is comprised of a one-story, free-standing building totaling ±2,896 square feet on ±1.2 acres of land. The Property was formerly occupied by Pizza Hut and offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up at market rates. The Property is positioned within a dense retail corridor including Lowe’s, Walmart, Target, Kohl’s, Aldi, Hannaford, Old Navy, Marshalls, Dollar Tree, PetSmart, Jo-Ann, Harbor Freight, Home Depot, and more. The Property is zoned B-1, business district, allowing for a variety of restaurant/retail uses via adaptive reuse or repositioning. Situated in Montgomery County, Amsterdam benefits from its proximity to major transportation routes, including the New York State Thruway and Interstate 90, facilitating connectivity to Albany, Schenectady, and other key regional markets. This former restaurant is located along the main commercial corridor in Amsterdam and just off NY Route 30 (±16,934 VPD), which serves as a main artery for passenger vehicles and trucks commuting through the area. The Property benefits from favorable demographics with ±28,611 people and an average household income of ±$65,669 within a five-mile radius.