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Central Avenue Retail Opportunity
For Sale
$299,000

1361 Central Avenue, Colonie, NY 12205

High-visibility retail space with flexible zoning on Central Avenue.

Property Size651 SF
Lot Size0.18 Acres
Price / SF$459.29
Days on Market306

Property Features for 1361 Central Avenue

General Information

Standard status Active
Size 651 SF
Lot size 0.18 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $3,870

Amenities

Corner Lot
Asphalt Roof
Baseboard Heating
Cleared
Level
Natural Gas Heating
Off Street
Paved
Road Frontage
Listing Agency: CORNWELL R E LLC
Listed By: TRACI CORNWELL
Source: Corcoran
Added: Oct 14, 2025 Changed: Aug 15 Last Checked: Aug 15 at 6:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CORNWELL R E LLC

Investment Insights

Based on property information with market context.

Located on Central Avenue, this property offers visibility and foot traffic. The versatile property is suitable for various uses, including a barbershop or hair salon, nail spa or beauty services, insurance or real estate office, bakery, café, or takeout eatery, and retail boutique or studio space. Previously used as a tombstone retail business, the space features an open layout that can be customized. Key features include a high-traffic location on Central Ave, street visibility, an open floor plan, and flexible commercial zoning. The property contains 651 square feet and is situated between Colonie Center Mall, Colonie Central High School, and SUNY Albany. The property can be sold with 3 other lots for a larger commercial development.

Key Highlights

  • High‑traffic location on Central Ave with excellent street visibility.
  • Flexible commercial zoning suitable for various business types.
  • Open floor plan easily customizable for renovation or build‑out.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Daycare Center Veterinary Clinic Plumbing Service Storage Facility Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

828
Businesses Nearby
526k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 32% Superstores 23% Dining 20% Shops & Services 17%
Target Superstores
120,510 visits/mo 0.3 miles
Macy's Apparel
85,862 visits/mo 0.5 miles
The Cheesecake Factory Dining
60,231 visits/mo 0.4 miles
Marshalls Apparel
46,965 visits/mo 0.4 miles
Jo-Ann Fabric and Craft Shops & Services
32,249 visits/mo 0.4 miles

Demographics for 12205, NY

27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - High-visibility retail space with flexible zoning on Central Avenue.
Where is this retail space located?
The property is located at 1361 Central Avenue Colonie, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: High‑traffic location on Central Ave with excellent street visibility.; Flexible commercial zoning suitable for various business types.; Open floor plan easily customizable for renovation or build‑out.
More about this property
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