368 Central Avenue, Albany, NY 12206
COMMERCIAL - Other - Albany, NY
- Added:
- Jan 19, 2026
- Days on Market:
- 160
- Last Refresh:
- Jun 28 at 2:06 pm
Property Features for 368 Central Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking
- 25
- Parking features
- Garage, Off Street
- Standard status
- Active
- APN
- 010100 65.54-1-18
- Size
- 16,420 SF
- Lot size
- 0.86 Acres
Taxes and HOA fees
- Tax Annual Amount
- 24330
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Oil
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1908
- Floors in Building
- 1
- Flooring type
- Concrete
- Building materials
- Block, Brick
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Jessica L Richer License #10301202070 (518) 364-7406
Listing office Hanna Commercial 20 Aviation Road, Clifton Park, NY (518) 458-7000
Listing date Jan 19, 2026
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Sale includes real estate, business, goodwill, FF&E, and inventory
- Established heavy‑duty truck suspension services business with over 100 years of experience
- Over 4,000 accounts with a long‑standing reputation in the industry
- Buildings constructed with block and brick; concrete flooring throughout
- Heating includes natural gas and oil; cooling provided by wall unit(s)
- Public water and public sewer; roof is rubber; garage and off‑street parking
Overview
The property is located at 368 Central Avenue in Albany, New York 12206, with a listed land area of 0.86 acres and a property size of 16,420 square feet. The property is identified with mixed zoning.
For buyers seeking an operating automotive service platform, this package is positioned to transfer not only physical space but also the business components included in the sale. The inclusion of FF&E and inventory may support continuity for an appropriately qualified operator following due diligence and document review.
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 | $305.4k | $18.60 |
| − Vacancy | −$22.0k | −$1.34 |
| EGI | $283.4k | $17.26 |
| − OpEx | −$85.0k | −$5.18 |
| NOI | $198.4k | $12.08 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.774901
- Latitude
- 42.666322
