Former Auto Dealership For
2056 Central Ave Albany, NY 12205
2056 Central Ave, Albany, NY, 12205
Contact for pricing
For Sale
Contact for pricing
9,247 SF former auto dealership with high visibility.
Property Size9,247 SF
Lot Size1.59 Acres
Price / SF$270.25
Days on Market82
Property Features for 2056 Central Ave
General Information
- Standard status
- Active
- Size
- 9,247 SF
- Lot size
- 1.59 Acres
- Property subtype
- Retail, Special Purpose
Building Details
- Year Built
- 1963
Listing Agency
Carrow Real Estate Services
Listed by
Kyle J Bradley · License #NY
Source
Crexi
Added: Apr 27 Checked: Jul 16 at 10:53 am
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 Carrow Real Estate Services
Investment Insights
Based on property information with market context.
This is a +/- 9,247 square foot former high-end auto dealership available for sale. The property benefits from high visibility along Central Avenue, featuring 263 feet of frontage and an average daily traffic volume exceeding 21,000 vehicles. It is located within a prominent auto dealership corridor, surrounded by fifteen dealerships within a three-mile radius. The property includes a front showroom with six private offices and a service center equipped with three drive-in doors. The service center also contains a private office and a full bathroom with a shower. There is a surface car parking lot with space for twenty-six vehicles. The high-end flex space and +/- 1.59 acres offer numerous commercial uses. The property includes 9 Marilou Street, a .25 acre paved lot at the rear of the property. The property has the potential to purchase a total portfolio which consists of +/- 3.92 acres, commercial building, duplex, single family residence, and multiple garages.
Key Highlights
- High visibility location on Central Avenue with 263 feet of frontage and 21,000+ ADTV.
- Located in a prominent auto dealership corridor.
- Includes a service center with three drive‑in doors, private office, and full bathroom with shower.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.0k | $18.60 |
| − Vacancy | −$12.4k | −$1.34 |
| EGI | $159.6k | $17.26 |
| − OpEx | −$47.9k | −$5.18 |
| NOI | $111.7k | $12.08 |
9,247 SF · lease $18.60/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.86M
NOI $111,727 @ 7.0% cap · market cap 4.47%
Second Best
Flex RnD
$1.45M
$1.27M – $1.69M
NOI $101,623 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$2.44M
$2.13M – $2.85M
NOI $170,774 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Karma Albany
Karma Dealer
ChargePoint Charging Station
Electric Vehicle Charging Station
Bul Auto Sales ...
Car Dealership
Alfa Romeo of Albany
Car Dealership
Delorean Albany
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- JD Tire — 2040 Central Ave, Albany, NY 12205
- Adirondack Tire & Service — 2015 Central Ave, Colonie, NY 12205
- Capital Tint and Graphics — 1991 Central Ave, Albany, NY 12205
- Byrider Albany — 2017 Central Ave, Albany, NY 12205
- DeNooyer Collision Center — 2041 Central Ave, Albany, NY 12205
FAQs
What type of property is this?
Auto shop - 9,247 SF former auto dealership with high visibility.
Where is this auto shop located?
The property is located at 2056 Central Ave Albany, NY.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: High visibility location on Central Avenue with 263 feet of frontage and 21,000+ ADTV.; Located in a prominent auto dealership corridor.; Includes a service center with three drive‑in doors, private office, and full bathroom with shower.
