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    1769 Central Ave Colonie, NY 12205

    Sponsored
    For Sale
    Contact for pricing

    Prime Central Ave location, 14,262 SF

    Property size:
    14,262 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a prime 14,262 square foot car dealership assemblage situated on a 4.51-acre lot at 1769 and 1767 Central Avenue in Colonie, New York. The property includes two buildings totaling 14,262 square feet, recently renovated in 2012. The main building offers approximately 13,222 square feet of space, complemented by a 1,040 square foot annex. The property boasts ample parking with 231 spaces, including an additional 88 spaces provided by a 0.90-acre parking easement at 1730 Central Avenue. This strategically located property benefits from high visibility on Central Avenue, a major thoroughfare with approximately 41,769 cars passing daily. Its convenient access to I-87 and Wolf Road, coupled with its proximity to other dealerships and a strong residential and commercial population, makes it an ideal location for automotive businesses. The property features six service bays with in-ground lifts, one alignment rack, and four EV charging stations (with capacity for expansion). Four roll-up doors enhance operational efficiency. The property is zoned Commercial A & Residential A (split zoning), offering flexibility for future development. The buildings are two stories, constructed in 1991. This is a vacant, owner-user investment opportunity.

    Property Features for 1769 Central Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,262 SF
    Class
    A
    Lot Size
    196,456 SF

    Building Details

    Year Built/Renovated
    1991/2012
    Buildings
    2
    Stories
    2

    HighLights

    • Six service bays equipped with in‑ground lifts.
    • One alignment rack.
    • Four EV charging stations, with expansion capacity for one additional station.
    • Four roll‑up doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Otto Cadillac, Inc. Cadillac Dealer Otto Cadillac Inc. ... Cadillac Dealer Otto Cadillac Inc. ... Cadillac Dealer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Colonie
    County
    Albany
    State
    New York
    Longitude
    -73.844607964815
    Latitude
    42.727959989327

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    FAQs

    What type of property is this?
    Individual retail property - Prime Central Ave location, 14,262 SF
    Where is this individual retail property located?
    The property is located at 1769 Central Ave Colonie, NY.
    What are key features of this property?
    This property features: Six service bays equipped with in-ground lifts.; One alignment rack.; Four EV charging stations, with expansion capacity for one additional station.
    Request Owner's contact information
    1769 Central Ave Colonie, NY 12205
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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
    1769 Central Ave Colonie, NY 12205
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