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    1623-1627 Central Ave Colonie, NY 12205

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    For Sale
    $2,100,000

    1.96 acres of land for development on Central Avenue.

    Property size:
    10,000 SF

    Property Features for 1623-1627 Central Ave

    General Information

    Size
    10,000 SF
    Source: Pyramidbrokerage

    Listing Agent: Pyramid Brokerage Albany

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Central Avenue Development Opportunity

    This 1.96-acre property on Central Avenue presents a development opportunity. The site currently includes three buildings. The value of the property is primarily in the land, making it suitable for future development. The location experiences heavy traffic. Potential uses include medical, office, retail, or other businesses seeking a location in Colonie.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Colonie
    County
    Albany
    State
    New York
    Longitude
    -73.8337575
    Latitude
    42.7191676

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    FAQs

    What type of property is this?
    Commercial land - 1.96 acres of land for development on Central Avenue.
    Where is this commercial land located?
    The property is located at 1623-1627 Central Ave Colonie, NY.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - 1.96 acres of land for development in a prime location.; - Suitable for medical, office, retail, or other business ventures.; - Located on Central Ave next to the Colonie Fire Dept.
    (518) 452-2700
    Request Owner's contact information
    1623-1627 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
    1623-1627 Central Ave Colonie, NY 12205
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