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    911 Central Ave Colonie, NY 12205

    Sponsored
    For Lease
    $14 SF/Yr ($12,337 /Mo)

    Albany, NY: Prime Retail/Medical Space Available

    Lot size:
    10,575 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Westgate Plaza, located at 911 Central Ave in Colonie, NY (zip code 12205), offers exceptional retail and restaurant space, ideal for medical uses. This Albany County property boasts a total of 10,575 square feet, currently entirely vacant and available for lease. The space is divisible, with a minimum leasable area of 3,000 square feet and a maximum contiguous space of 7,200 square feet, providing flexibility for various business needs. This presents a unique opportunity for businesses seeking a prominent location in a thriving area. The property's address is easily accessible, offering high visibility and convenient access for customers and employees. The building is situated in Albany County, New York, providing access to a strong local market and a diverse customer base. This is a multi-tenant building, offering the potential for synergy with complementary businesses. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire about lease terms and conditions. The property's location offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The flexible space options cater to a range of business sizes and requirements.

    Property Features for 911 Central Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,575 SF
    Total Rate
    12337.5

    Unit(s) available at that property

    Space
    Space Available 1
    Size
    3,375 SF
    Rate per SF
    $14
    Space
    Space Available 2
    Size
    7,200 SF
    Rate per SF
    $14

    HighLights

    • Excellent Interstate 87 access via Exit 2e.
    • Strong co‑tenancy with Price Chopper, Best Fitness, Ross, Advanced Auto, Citi Trends, Dollar Tree, and Rainbow Stores.
    Property Profile Location Intelligence

    Current Use by Public Records

    518 Designs Advertising Agency Ultimate X Corp Wholesaler Westgate Pizza Bella Pizza Restaurant Westgate Barber Shop Barber Shop KeyBank Bank

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Colonie
    County
    Albany
    State
    New York
    Longitude
    -73.8301437
    Latitude
    42.722661

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    FAQs

    What type of property is this?
    Restaurant - Albany, NY: Prime Retail/Medical Space Available
    Where is this restaurant located?
    The property is located at 911 Central Ave Colonie, NY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Excellent Interstate 87 access via Exit 2e.; Strong co-tenancy with Price Chopper, Best Fitness, Ross, Advanced Auto, Citi Trends, Dollar Tree, and Rainbow Stores.;
    Request Owner's contact information
    911 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
    911 Central Ave Colonie, NY 12205
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