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    1707 Central Ave Colonie, NY 12205

    For Sale
    $2,500,000

    New 2,325 SF Chipotle with drive-through for sale.

    Property size:
    2,325 SF
    Lot size:
    0.83 Acres

    Property Features for 1707 Central Ave

    General Information

    Size
    2,325 SF
    Lot size
    0.83 Acres

    Source: Coldwell Banker - Prime Properties | Cohoes Agent Tim Canavan

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

    Overview

    New Chipotle with Drive-Through

    This is a newly constructed, 2,325 square foot, free-standing Chipotle restaurant featuring a drive-through. The property is subject to a 15-year NNN corporate lease, which includes 10% rent increases every 5 years. The lease also provides for four five-year option terms, each with a 10% rent increase. Additional information is available upon execution of a non-disclosure agreement. The property is located on Central Ave in Colonie, NY.
    Insight Report Location Intelligence

    Current Use by Public Records

    Finkelstein & Partners, LLP Personal Injury Attorney Ellis Law, P.C. Law Firm Fine Olin & Anderman ... General Practice Attorney Colonie Counseling Services Social Worker The Law Office of James ... Law Firm

    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
    -73.8401845
    Latitude
    42.7242442

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    FAQs

    What type of property is this?
    Drive through restaurant - New 2,325 SF Chipotle with drive-through for sale.
    Where is this drive through restaurant located?
    The property is located at 1707 Central Ave Colonie, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Brand new, build-to-suit **2,325 SF free-standing Chipotle with drive-through.**; - **15-Year NNN Corporate Lease.**; - 10% rent increases every 5 years.
    (518) 456-8950
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    1707 Central Ave 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
    1707 Central Ave Colonie, NY 12205
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