Valatie Medical Arts | Value-Add Office/Med 1301 River St 2 974 m² 88 % Loué Bureau Vente aux enchères en ligne Valatie, NY 12184

Valatie Medical Arts offers an exceptional value-add opportunity for investors, with substantial growth potential in the small-town community of Valatie.

The medical office building sits at 1301 River Street in the heart of Valatie. Originally constructed in 1992 and beautifully maintained over the years, this asset rings in at 32,010 square feet across two stories. There is plentiful parking for both visitors and tenants alike with 130 surface spaces sitting on 3.23 acres. The façade is clean and timeless, featuring durable, low-maintenance brick for long-term value and minimal upkeep. The property is divided into 14 total suites all ranging in size and function. Most of the in-place tenants are medical users with specialties ranging from imaging, cardiology, OBGYN, orthodontics, and family practice. There is synergy within the tenant mix as Lab Corp and medical storage also occupy space. The current leases are staggered regarding end dates, mitigating risk for buyers. There are four total vacancies, allowing for optionality for the purchaser of this asset. Buyers can lease out the unoccupied spaces at market rates driving NOI growth.

Valatie Medical Arts is positioned within the Columbia County Office Submarket. This submarket is impressive and has excellent fundamentals. Columbia County has a whopping 0.9% vacancy, which is in line with both the five- and 10-year averages. This small submarket contains a sizable inventory of 1.5 million square feet. Rents are on the rise, with an increase of 1% in the past year.

The Village of Valatie is a historic and picturesque community distinguished by its rich heritage and inviting small-town character. Strategically positioned at the intersection of New York State Routes 9 and 9H, Valatie provides seamless connectivity to major regional hubs, including Albany, 20 miles to the north, and Hudson, 12 miles to the south. This advantageous location positions Valatie as an ideal center for business activity, commuter access, and tourism. Valatie’s historic downtown showcases meticulously preserved 19th-century architecture, offering a vibrant mix of retail establishments, dining options, and professional services. Nearby attractions include the Martin Van Buren National Historic Site and Hudson’s renowned art galleries. With its family-oriented environment, robust community spirit, and strategic location, Valatie represents an exceptional opportunity for commercial investment.

Valatie Medical Arts provides a highly attractive opportunity for savvy investors.

Property tours are available by appointment only. Please contact the listing broker to schedule.