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Classic Auction - Retail

Former Burger King - East Greenbush, NY

145 Columbia Turnpike, East Greenbush, NY 12144

  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 0.86 Acres
  • Year Built
  • 1975
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Parking Count
  • 36
  • Occupancy
  • 0%
  • Occupancy as of
  • Jan 01, 2020
  • Retail Type
  • NA
  • Anchor
  • No
  • Property Size
  • 3,210 Sq Ft

Former Burger King | East Greenbush, NY

Investment Highlights:

•  $67,000 Average Household Income Within One-Mile Radius And 135,000 Population Within A Five-Mile Radius
•  17,000 Vehicles Passing Daily, The Columbia Turnpike Is The Main Connector To Downtown Albany From East Greenbush
•  Two Miles Southeast Of Albany CBD; Three Miles From I-90, the Main Highway To Boston From Albany
•  Zoned B-2 For General Business
 

Offering Details:

CBRE and RealINSIGHT Marketplace are pleased to present a ±3,210 SF former Burger King retail building (“Property”) located at 145 Columbia Turnpike in East Greenbush, New York. This Property is offered significantly below replacement cost and the first bid starts at just $25,000.

The Property offers a great owner/user opportunity and a significant value-add investment for investors through lease-up, adaptive reuse, or repositioning/redevelopment. The 3,210 SF former Burger King restaurant sits on top of a 0.82-acre parcel with 68 feet of frontage on Columbia Turnpike, one curb cut, 36 free surface parking spaces for customer use, and is zoned B-2 General Business. Columbia Turnpike serves as the main road connecting East Greenbush with Downtown Albany and has strong traffic counts of +17,784 vehicles per day.

East Greenbush is just two miles outside downtown Albany and three miles off of I-90 which serves as the main connector from Boston to Albany. The area’s demographics are 135,961 people within a five-mile radius and an average household income of $67,938 per year within a one-mile radius.

With questions about this investment opportunity, please contact Phil Kates or Adam Sklaver for more information regarding the property or the auction process.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

Platform fee for this transaction is 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or
email info@rimarketplace.com.

Auctioneer

  • Ralph Passono, Jr.

    c/o Fisher Auction Company Inc.

    License: 1 Co.:10311203946