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    1892 Central Ave Albany, NY 12205

    For Lease
    Contact for pricing

    Former grocery box in shopping center, easily accessible.

    Property size:
    69,000 SF
    Lot size:
    28.92 Acres

    Property Features for 1892 Central Ave

    General Information

    Size
    69,000 SF
    Lot size
    28.92 Acres

    Source: RedMark Realty Agent Alex Kutikov

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

    Overview

    Neighborhood Shopping Center Retail Space

    This 69,000 square foot retail space is located within a neighborhood shopping center. Built in 2009, the property was formerly a grocery store. Co-tenants include Dollar Tree and Retro Fitness. Local retailers in the area include Aldi, Market 32, Kohls, and Carmax. The property is easily accessible off I-87. The population within a 5-mile radius is approximately 120,000. The current lease is in place until 2029.
    Insight Report Location Intelligence

    Current Use by Public Records

    Redbox Movie Rental Kiosk Big Lots Discount Store Sue's Hair Care Hair Salon Lit Hookah Lounge Hookah Bar Grace Nail & Spa Nail Salon

    Suggested Use

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

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

    Similar Places Nearby

    Village Square, Sport clips, Colonie Plaza, Strip mall

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8525202
    Latitude
    42.7345273

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    FAQs

    What type of property is this?
    Shopping center - Former grocery box in shopping center, easily accessible.
    Where is this shopping center located?
    The property is located at 1892 Central Ave Albany, NY.
    What are key features of this property?
    This property features: - High population density: 120,000 residents within a 5-mile radius.; - Easily accessible location off I-87.; - Existing lease in place until 2029.
    (518) 952-7500
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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
    1892 Central Ave Albany, NY 12205
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