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    900 Central Ave Albany, NY 12206

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    For Lease
    Contact for pricing

    Albany Retail Center, 13,627 SF Vacant

    Lot size:
    17,127 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Hannaford Plaza, located at 900 Central Avenue in Albany, New York, presents a significant retail opportunity. This established shopping center, situated on a 6.12-acre lot in Albany County, offers a total of 17,127 square feet of retail space. Currently, there are 13,627 square feet of vacant space available, divisible into units ranging from a minimum of 2,560 square feet to a maximum contiguous space of 6,000 square feet. The property boasts ample parking with 1000 spaces, ensuring convenient access for customers. Built in 1960, Hannaford Plaza benefits from its prime location on Central Avenue, a major retail thoroughfare in Albany. This presents a unique chance for businesses seeking high visibility and accessibility within a well-established commercial center. The property's zoning allows for restaurant and retail uses. The substantial vacant space offers flexibility for a variety of retail concepts or a single large tenant. This is an exceptional opportunity to establish a presence in a thriving Albany retail market. The property's size and parking capacity make it ideal for a range of businesses. Interested parties should inquire for further details and availability. The zip code is 12206.

    Property Features for 900 Central Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,127 SF

    Building Details

    Year Built
    1960

    Unit(s) available at that property

    Space
    Available space 08
    Size
    5,067 SF
    Space
    Available space 07
    Size
    6,000 SF
    Space
    Pad Site
    Size
    3,500 SF

    HighLights

    • 17,127 SF retail center in Albany, NY.
    • 13,627 SF of vacant space available, divisible to 2,560 SF - 6,000 SF contiguous units.
    • Located on a 6.12‑acre lot with 1000 parking spaces.
    • Prime Central Avenue location in Albany, NY (12206).
    • Zoned for restaurant and retail uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Colvin Wine & Liquor Wine Store Bank of America ATM Atm Michelle Wallock Pharmacy Jennifer Reiner Pharmacy

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7920941
    Latitude
    42.6794793

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    FAQs

    What type of property is this?
    Restaurant - Albany Retail Center, 13,627 SF Vacant
    Where is this restaurant located?
    The property is located at 900 Central Ave Albany, NY.
    What are key features of this property?
    This property features: 17,127 SF retail center in Albany, NY.; 13,627 SF of vacant space available, divisible to 2,560 SF - 6,000 SF contiguous units.; Located on a 6.12-acre lot with 1000 parking spaces.
    Request Owner's contact information
    900 Central Ave Albany, NY 12206
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    Albany, NY 12206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    900 Central Ave Albany, NY 12206
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