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    1312 Central Ave Colonie, NY 12205

    For Sale
    $865,000

    High-yield investment, 0.46 acres.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional mixed-use property, located at 1312 Central Avenue, Unit 1312 in Colonie, New York, presents a compelling investment opportunity. Situated on a sizable 0.46-acre lot, this property offers significant potential for a variety of uses, capitalizing on its strategic location within the vibrant Colonie community. The asking price is $865,000. While the precise square footage is currently unavailable, the substantial lot size suggests ample space for development or expansion. The mixed-use zoning allows for flexibility in adapting the property to meet diverse business needs, making it an attractive prospect for both established businesses seeking to expand and entrepreneurs looking to establish a new venture. Its prime location on Central Avenue ensures high visibility and accessibility, attracting a large volume of foot traffic and vehicular traffic. This property represents a rare chance to acquire a significant piece of Colonie real estate with considerable upside potential. Further due diligence is encouraged to fully assess the property's potential and to determine its suitability for specific business plans. The property's size and location make it an ideal candidate for a variety of commercial and residential uses, subject to local zoning regulations. Interested parties are encouraged to conduct their own independent investigation into the property's zoning and potential uses.

    Property Features for 1312 Central Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1975
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Victory Church Colonie Non-Denominational Church Justice For Orphans Association / Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Accounting Firm Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colonie
    County
    Albany
    State
    New York
    Longitude
    -73.81426
    Latitude
    42.70044

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    FAQs

    What type of property is this?
    Mixed-use property - High-yield investment, 0.46 acres.
    Where is this mixed-use property located?
    The property is located at 1312 Central Ave Colonie, NY.
    What is the asking price?
    The asking price for this property is $865,000.
    (518) 833-6636
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    1312 Central Ave Colonie, NY 12205
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    Colonie, NY 12205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1312 Central Ave Colonie, NY 12205
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