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- LoopNet Team
522 Route 67
Malta, NY 12020
Starbucks w/ DriveThru | 2019 Construction · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
ABOUT 522 ROUTE 67 , MALTA, NY 12020
The subject property is strategically positioned just off State Highway 67 (19,600 VPD), adjacent to the Interstate 87 on/off ramps (71,200 VPD), a major north/south commuter thoroughfare serving the entire state of New York. The building is equipped with a drive-thru, providing ease and convenience for customers. The asset is a part of a new 45-acre mixed-use development project that will include retail shops, a hotel, and a 304-unit proposed apartment building, increasing consumer draw to the trade area. The site is also located adjacent to a 24-hour Price Chopper anchored center, promoting crossover traffic to the site. Moreover, Malta’s economy and community is experiencing rapid growth largely due to the new GlobalFoundries manufacturing facility, just 3 miles east of the subject property. The 1-mile trade area has seen 2.90% annual growth since 2010 and is expected to see 2.50% annual growth through 2023. The 5-mile trade area is supported by a population of over 39,100 residents with an affluent average household income of $100,000.
