Sharon FronkRealtor® · Howard Hanna
LoadingActive
$5,200,000
16 Avis Drive
Latham, NY 12110 · Albany County
53,528Sq Ft
2.80 acresLot Size
1972Year Built
$97Per Sq Ft
Est. P&I $26,294/moGet pre-qualified
Commercial 8 days on market
MLS# 202624511 Updated 1 week ago
Sharon’s Take
This 53,528-square-foot industrial warehouse sits on 2.80 acres in Latham, a location offering suburban convenience with proximity to Albany International Airport and quick access to both Albany and Saratoga. Built in 1972 and well-maintained, the property features concrete flooring, paved grounds, and standard mechanical systems. The building is currently leased to New York State under a newly executed 10-year agreement, with the tenant responsible for operating expense and tax increases above the base year, generating a 7 percent cap rate for the investor.
Sharon Fronk · Howard Hanna Capital Region
About this property
GREAT INVESTMENT OPPORTUNITY for a warehouse in EXCELLENT CONDITION with NYS as a LONG-TERM TENANT, over 30 years at this location, with a newly signed 10 year lease. All increases in operating expenses and taxes above base year are covered by tenant. 7% CAP rate. Warehouse roof replaced in 2026.
Is it priced right?
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Price per sq ft
$97
Days on market
8
Fresh listing
Year built
1972
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21 facts pulled straight from the MLS listing.
Overview
Property TypeCommercial
Sub-TypeIndustrial
Year Built1972
Days on Market8
StatusActive
MLS Number202624511
ListedAugust 21, 2026
Interior
Living Area53,528 sq ft
Interior Features
Central AirForced AirNatural GasVinylCarpetConcrete
Exterior & Lot
Lot Size2.80 acres
Exterior Features
Paved
Building & Construction
Construction
Block
Financial
List Price$5,200,000
Price per Sq Ft$97
Est. Monthly P&I$26,294/mo
Location
CountyAlbany
High School DistrictShaker HS
Elementary DistrictForts Ferry ES
Listing Details
Listed ByJessica L Richer of Hanna Commercial
Data SourceSpark Platform / Global MLS
Last UpdatedAug 21, 2026
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- Start16 Avis Drive, Latham, NY 12110
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Schools
The district this address is assigned to. Ratings and reviews are hosted on GreatSchools.
Shaker HS
Assigned high school district
Forts Ferry ES
Assigned elementary district
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About Latham, NY
Latham is in Albany County, NY. There are currently 103 active listings here, ranging from $45,000 to $5,200,000. Listings in this address fall under the North Colonie school district. Priced 972% above the Latham median of $485,000.
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Hanna Commercial · Listed by Jessica L Richer (8760)
Contact: 518-364-7406
MLS #202624511 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.