Listed by CBRE - Albany
$1,700,000
2704 + 2706 Route 9
Details
APN 217.-2-41.1&2
Property Type Land
Sub Type Commercial
Acreage 22.420
Zoning C-7 Highway Commercial
Land | 22.42 acres
Marketing description
Offered for sale are two parcels of land for redevelopment in Malta, NY. The parcels have a combined ±364 feet of frontage along Route 9, a main commercial thoroughfare in the region (AADT 13,745). Currently improved with a single family home and a ±3,270 SF commercial building with a short term tenant.
Just south of Route 9P/East High Street
Investment highlights
- Current tenant will relocate within one year of contract execution
- Less than 2 miles off exit 13 on I-87
- Site is within 5 miles of multiple apartment complexes including: Steeplechase Malta, Lofts at Kelley Farms, Ellsworth commons and Grand Ville at Malta
- Malta is an area of continued growth in the capital region for both office and retail construction. Major projects over the last five years include: the ±40,000 SF Center for Advanced Ambulatory Surgery and the ±64,000 SF Mohawk Chevrolet, both constructed in 2021.
- Planned and on-going construction in the area includes a 189 apartment expansion of GrandVille at Malta, a ±20,550 SF office building for Active Solar and GlobalFoundries ±633,000 SF factory, adjacent to their headquarters.
Listing Contacts
Listed by CBRE - Albany
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