List Search

296 Morris Rd
Schenectady, NY 12303

$3,995,000

Warehouse For Sale  •  38,000 Sq Ft

Property Details

  • Property Type Warehouse
  • Total Building Size 38,000 Sq Ft
  • Lot Size 4.3 ac
  • Building Class C
  • Year Built 1989
  • Cap Rate 7.55 %
  • Tenancy Multiple
  • Zoning 04
0 Transit Score
12 Walk Score

Description

Fantastic opportunity for a large self storage business, the ultimate cash cow with very little work. Several buildings including large warehouses with long term tenants. Large office building currently being renovated into climate controlled storage. Lots of upside for additional income sources. Could easily be set up for no staffing however there is some available office space currently being used by the owners.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $334,405 (2019)
Cap Rate: 7.55 %
Total Expenses: $167,834

Amenities

  • Fenced Lot
  • Signage

Public Transportation

AirportDriveWalkDistance
Albany International Airport 20 min - 8.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 100
Type: Surface
Included in Rent: Yes
Susan Cerone 518-527-9720 Hanna Commercial Real Estate
Susan Cerone 518-527-9720 Hanna Commercial Real Estate