Automotive Dealership Flex
2056 Central Ave Albany, NY 12205
For Sale
Contact for pricing
Former high-end auto dealership with a front showroom, offices, and a service center with three drive-in doors.
Property Size9,247 SF
Lot Size1.84 Acres
Price / SF$270.25
Days on Market265
Property Features for 2056 Central Ave
General Information
Standard status
Active
Size
9,247 SF
Lot size
1.84 Acres
Property subtype
RETAIL
Listing Agency:
Carrow Real Estate Services
(518) 462-7491
Listed By:
Kyle Bradley · License #10401359503
Source:
Moodyscre
Added: Nov 7, 2025
Changed: Jul 28
Last Checked: Jul 29 at 1:49PM
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 property offers approximately 9,247 square feet of former high-end auto dealership and flex space. The layout includes a front showroom with six private offices, plus a service center featuring three drive-in doors. Additional service-center amenities include a private office and a full bathroom with a shower. Outside, there is a 26-space surface parking lot, and the property is situated on approximately 1.59 acres, with a separate paved rear lot included at 9 Marilou Street (.25 acre).
The building benefits from visibility along Central Avenue, with 263 feet of frontage and reported over 21,000 ADTV. It is located within an auto dealership corridor with fifteen dealerships within a three-mile radius.
The property supports multiple commercial uses based on the showroom and service-oriented configuration, combined with significant paved parking and the included rear lot.
The building benefits from visibility along Central Avenue, with 263 feet of frontage and reported over 21,000 ADTV. It is located within an auto dealership corridor with fifteen dealerships within a three-mile radius.
The property supports multiple commercial uses based on the showroom and service-oriented configuration, combined with significant paved parking and the included rear lot.
Key Highlights
- +/- 9,247 SF former high‑end auto dealership for sale with front showroom, offices, and service center
- Central Avenue visibility with 263 feet of frontage and 21,000+ ADTV
- Service center includes three (3) drive‑in doors plus private office and full bathroom with shower
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 authorities.
Property Analytics
Location Intelligence
Current Use
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
Frequently Asked Questions
What type of property is this?
Auto shop - Former high-end auto dealership with a front showroom, offices, and a service center with three drive-in doors.
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: +/- 9,247 SF former high‑end auto dealership for sale with front showroom, offices, and service center; Central Avenue visibility with 263 feet of frontage and 21,000+ ADTV; Service center includes three (3) drive‑in doors plus private office and full bathroom with shower
