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Retail Storefront Sublease Opportunity
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153 Central Ave, Albany, NY 12206

Former CVS space offering approximately 9,500 SF of retail storefront use under a sublease set to expire 12/31/2029.

Space Size9,500 SF
Days on Market140

Property Features for 153 Central Ave

General Information

Standard status Active
Size 9,500 SF
Property subtype RETAIL

Spaces For Lease

at 153 Central Ave
153 Central Ave AVAILABLE, Now
Floor 1
Size 9,500 SF
Type RETAIL
Rate Contact for pricing
Lease Type NNN
Sublease Yes
- Former CVS. Great retail location. High car and foot traffic. 9,500+/- SF available. Sublease expires 12/31/2029.
Contact us
Listing Agency: Cushman & Wakefield | Pyramid Brokerage - Albany
Listed By: April Mcfee · License #NY 10401284444
Source: Moodyscre
Added: Jun 2 Changed: Oct 7 Last Checked: Oct 19 at 8:13AM

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 Cushman & Wakefield | Pyramid Brokerage - Albany

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Investment Insights

Based on property information with market context.

This listing presents a retail storefront space formerly operated as a CVS. The available area totals approximately 9,500+/- square feet, configured for retail use with a storefront presentation suitable for a range of neighborhood-serving businesses.

The property is located at 153 Central Ave in Albany, New York. The public remarks indicate strong combined customer activity, citing both high car and foot traffic, which can support retail tenants seeking consistent visibility from passing traffic.

The space is available for sublease, with the sublease term expiring on 12/31/2029. This timeframe may align well for retailers looking to occupy an existing commercial retail layout for multiple years, rather than starting a shorter-term arrangement. Prospective tenants should verify the specific permitted uses and remaining site conditions with the sublessor during the leasing process.

Key Highlights

  • Former CVS retail space with approximately 9,500+/- SF available
  • Retail storefront use under a sublease
  • Sublease expires 12/31/2029

Property Analytics

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Current Use

CDReload at CVS Crypto Atm Richard Tourangeau Pharmacy CDReload by Crypto ... Crypto Atm UPS Access Point ... Courier Service

Suggested Use

Top Pick Acupuncture Skin Care Clinic (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store HVAC 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,825
Businesses Nearby
45k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 61% Dining 39%
McDonald's Dining
17,748 visits/mo 0.5 miles
Family Dollar Shops & Services
8,238 visits/mo 0.5 miles
Exxon Shops & Services
7,137 visits/mo 0.5 miles
Sunoco Shops & Services
5,929 visits/mo 0.4 miles
SEFCU Shops & Services
4,000 visits/mo 0.3 miles

Demographics for 12206, NY

17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Albany, NY

5.4% 2020
4.8% 2021
5.5% 2022
4.7% 2023
5.5% 2024
5.8% 2025

Similar Off Market Nearby

  • Lynn C. Ray, RPh — 75 new scotland ave, albany, ny 12208
  • Theresa A. Rochford, RPH — 75 New Scotland Ave, Albany, NY 12208, United States
  • George R. Bailie, PharmD — 106 new scotland ave, albany, ny 12208
  • Manjunath P. Pai, PharmD — 106 New Scotland Ave, Albany, NY 12208, United States
  • Katie E. Pallotta, PharmD — 106 New Scotland Ave, Albany, NY 12208

Frequently Asked Questions

What type of property is this?
Drug store - Former CVS space offering approximately 9,500 SF of retail storefront use under a sublease set to expire 12/31/2029.
Where is this drug store located?
The property is located at 153 Central Ave Albany, NY.
What are key features of this property?
This property features: Former CVS retail space with approximately 9,500+/- SF available; Retail storefront use under a sublease; Sublease expires 12/31/2029
(518) 810-6622 Call to check price and availability
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