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Neighborhood Shopping Center Retail Space
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1892 Central Avenue, Albany, NY 12205

Former grocery box in shopping center, easily accessible.

Space SizeContact for details
Property Size99,620 SF
Days on Market288

Property Features for 1892 Central Avenue

General Information

Standard status Active
Size 99,620 SF
Property subtype Mixed Use

Building Details

Building Size 99,620 SF
Listing Agency: Pyramidbrokerage
Listed By: Pyramid Brokerage Albany
Source: Pyramidbrokerage
Added: Nov 24, 2025 Changed: Sep 7 Last Checked: Sep 7 at 4:35AM

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 Pyramidbrokerage

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • High population density: 120,000 residents within a 5‑mile radius.
  • Easily accessible location off I‑87.
  • Existing lease in place until 2029.

Property Analytics

Current Use

Redbox Cinema Big Lots Discount Store Sue's Hair Care Hair Salon Lit Hookah Lounge Bar & Pub Grace Nail & Spa Nail Salon

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Grocery & Convenience Store Storage Facility HVAC Service Plumbing 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

677
Businesses Nearby
205k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 28% Shops & Services 25% Apparel 23% Groceries 19%
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 0.4 miles
Mobil Shops & Services
14,133 visits/mo 0.2 miles
7 Brew Coffee Dining
14,019 visits/mo 0.1 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 Albany, NY

5.4% 2020
4.8% 2021
5.5% 2022
4.7% 2023
5.5% 2024
5.8% 2025
Rey
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Similar Off Market Nearby

  • Sport clips 1770 Central Ave, Albany, NY 12205
  • Village Square 1770 Central Ave, Albany, NY 12205
  • Strip mall 1892A Central Ave, Albany, NY 12205
  • Colonie Plaza 1892 Central Ave, Colonie, NY 12205

Frequently Asked Questions

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 Avenue 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.
More about this property
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