952 TROY SCHENECTADY RD Latham NY 12110-1612

Welcome to the Peter Harris Plaza, an exceptional investment opportunity nestled in the thriving commercial hub of Latham, New York. Boasting a prime location at 952 Troy Schenectady Road, this well-established shopping center presents a rare chance to secure a lucrative foothold in one of the Capital Region's most sought-after areas.

Latham is a thriving suburb of Albany, known for its strong rental demand and robust economic fundamentals. With major shopping centers driving retail growth and fully leased office parks catering to diverse business needs, Latham offers a prime investment environment for savvy investors seeking lucrative opportunities.

Investment Highlights:

• Desirable Location: Situated in the heart of Latham, the Peter Harris Plaza enjoys high visibility and accessibility, with a traffic-light entrance and robust traffic counts ensuring steady footfall.

• Income Potential: With a diverse mix of tenants and below-market rents, there's significant potential for income growth. The property also features approvals for an additional 20,000 square foot warehouse, offering even more revenue opportunities.

• Strong Demographics: Benefit from the area's strong demographics, including a growing population of over 30,000 people and a median household income exceeding $90,000, ensuring sustained demand for retail and office space.

• Low Tenant Turnover: Experience minimal tenant turnover, a testament to the plaza's appeal and stability within the local market.

Key Features:

• Tenant Mix: The plaza boasts a diverse tenant mix, including well-known brands like Peter Harris Clothes, Play It Again Sports, and California Closets, providing a solid foundation for long-term success.

• Attractive Lease Terms: Current leases feature attractive terms, with built-in rent escalations ensuring a steady increase in revenue over time.