Freestanding Retail
For Lease
Contact for pricing
1863 Central Ave, Albany, NY 12205
Free-standing building at a major corner intersection with ample parking and COR zoning permitting retail, medical, and service uses.
Property Size11,180 SF
Days on Market210
Property Features for 1863 Central Ave
General Information
Standard status
Active
Size
11,180 SF
Property subtype
RETAIL
Listing Agency:
IKON Realty Group
(518) 573-5853
Listed By:
Bruce Ginsburg
(518) 573-5853
Source:
Moodyscre
Added: Jan 2
Changed: Jul 26
Last Checked: Jul 30 at 11:20AM
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 IKON Realty Group
Investment Insights
Based on property information with market context.
Located at 1863 Central Ave, Albany, NY 12205, this free-standing retail building was built for Rite Aid and operated there for 25+ years. The property offers a straightforward ground-floor retail configuration in a building designed to support long-term pharmacy and store use.
The site is positioned at the corner of Central Avenue and Route 155, identified as a top Capital Region intersection. The property benefits from high visibility and access, with over 60,000 vehicles per day and ample parking. COR zoning allows broad retail, medical, and service uses, making the property a practical fit for re-tenanting, build-to-suit, or a ground lease arrangement in the heart of Colonie.
The site is positioned at the corner of Central Avenue and Route 155, identified as a top Capital Region intersection. The property benefits from high visibility and access, with over 60,000 vehicles per day and ample parking. COR zoning allows broad retail, medical, and service uses, making the property a practical fit for re-tenanting, build-to-suit, or a ground lease arrangement in the heart of Colonie.
Key Highlights
- 11,180± SF free‑standing building built for Rite Aid; operated here for 25+ years
- Prime corner site at Central Avenue and Route 155 at a top Capital Region intersection
- COR zoning allows broad retail, medical, and service uses
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
228k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Shops & Services 26%
Apparel 22%
Groceries 17%
Kohl's
Apparel
48,119 visits/mo
0.4 miles
Aldi
Groceries
37,289 visits/mo
0.1 miles
McDonald's
Dining
17,876 visits/mo
0.3 miles
Mobil
Shops & Services
14,133 visits/mo
0.1 miles
7 Brew Coffee
Dining
14,019 visits/mo
0.2 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
Lease Benchmarks for Albany, NY
$14.43 /SF/Yr
Avg Asking Price
$1.04–$34 /SF/Yr
Price Range
15,104 SF
Avg Space Size
Vacancy Rate% for Retail in Albany, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Free-standing building at a major corner intersection with ample parking and COR zoning permitting retail, medical, and service uses.
Where is this retail space located?
The property is located at 1863 Central Ave Albany, NY.
What are key features of this property?
This property features: 11,180± SF free‑standing building built for Rite Aid; operated here for 25+ years; Prime corner site at Central Avenue and Route 155 at a top Capital Region intersection; COR zoning allows broad retail, medical, and service uses
