Excellent Commercial Investment Property at PARC

DETAILS

Located in upstate New York, only 2 hours from Albany and 1 hour from Montreal, this well located property is in a rapidly growing region- Plattsburgh, NY.    This property is located on the former Plattsburgh Air Force Base, now referred to as PARC. PARC is a wonderful success story as the former airbase has been transformed into a well planned successful 5000 acre development of residential neighborhoods, industrial parks, commercial/retail development, a new international airport, a golf course and much more.

Under the leadership of the region’s development agencies and the regional Chamber of Commerce, the Plattsburgh region has been experiencing a sustained period of continued economic growth.  This region has bucked most national trends thanks in large part to Canadian manufacturers, who export to and expand into the US. Such activities require warehouse, manufacturing, and distribution facilities just south of the border-Plattsburgh, NY

As a result, there are now more than 200+/- Canadian companies within Clinton County (Population 80,000) and approximately two-thirds of these companies are located in Plattsburgh.  In addition to Canadian owned businesses, the Plattsburgh region is home to many US based manufacturers (Georgia Pacific, Pactiv, Pfizer, Westinghouse, Novabus, Fujitsu…) as well.  The Plattsburgh area has been in Site Selection magazine’s Top Ten for manufacturing job growth for several of the last ten years.

This facility is located on one of streets that has become “the” street to access this portion of the former base community.  Arizona Avenue is adjacent to the new Plattsburgh International Airport’s (PIA) hangars, base of operations, terminal and several other aviation related commercial buildings.  PIA has been a tremendous success only having been constructed a few years ago. Utilizing one of the nation’s longest and well built runways, PIA has been able to attract airlines that regularly fly to points throughout the US.  Most importantly, PIA functions as “Montreal’s US Airport”.  Thousands and thousands of Canadians are flying out of this ideally located and convenient airport every month.  PIA has aviation related businesses in this neighborhood with the list growing every year.

 

This property has several tenants already with additional room to rent out to local businesses or new businesses that wish to be close to the airport or this business park area.  The facility has a combination of newly renovated class “A” type office space, as well as some additional industrial or assembly type spaces.  The facility has been recently renovated throughout (new energy efficient lighting, remodeled offices, enhanced industrial/commercial areas, landscaping etc etc).  There is little, or no, deferred maintenance at this time.  Most importantly, the property includes extra acreage on a corner lot facing the airport’s runway. The property allows for approximately 100,000 sq. ft. of additional build-out.  So as the community and the airport continue to grow, so can this investment. Additionally, an adjacent 8 acre lot is available for purchase.

 

-7.6 acres- corner parcel facing airport operations.

– 2 story 40,000 sq. ft. office building. Currently leasedspace totals 20,500 sq. ft.       12,500 sq. ft. available(all newly remodeled).

Price :
$780,000  
Property ID :
105  
Sale or Lease :
Sold