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    1425 Central Ave Albany, NY 12205

    For Lease
    Contact for pricing

    High-profile retail space, multiple suites.

    Lot size:
    269,366 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail opportunity is located within the bustling Colonie Center, a premier shopping destination in Albany County. The property boasts a total of 269,366 square feet across three stories, encompassing two available suites ranging from 2,113 to 41,500 square feet. A significant 100,000 square feet is currently vacant, presenting a unique chance for expansion or multi-tenant occupancy. Built in 1966 and renovated in 2000, the building offers a blend of established infrastructure and modern updates. The property sits on a substantial 20.7 acres (901,692 square feet) of land, providing ample space and visibility. With a total of 21,230 parking spaces, customer convenience is ensured. Elevators are available for easy access to all three floors. This high-profile location enjoys exceptional visibility and proximity to key retailers such as Fun City, Whole Foods Market, Sierra Trading Post, and Floor & Décor, guaranteeing high foot traffic and brand synergy. The multiple tenancy option allows for flexibility in lease terms and tenant mix, making this an ideal investment for both established businesses and emerging brands seeking a prime retail location. The property's size and location make it a truly exceptional opportunity within a thriving commercial center.

    Property Features for 1425 Central Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    269,366 SF

    Building Details

    Year Built/Renovated
    1966/2000
    Stories
    3

    Unit(s) available at that property

    Space
    Out-parcel
    Size
    2,113 SF
    Space
    Upper Level
    Size
    41,500 SF

    HighLights

    • Retail property totaling 269,366 square feet.
    • Two suites available, ranging from 2,113 to 41,500 square feet.
    • 100,000 square feet of vacant space.
    • Situated on a 20.7‑acre lot (901,692 square feet).
    • Three‑story building constructed in 1966, renovated in 2000.
    • Features 21,230 parking spaces and elevators.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Digifly Marketing Internet Marketing Service Sports Zone Sportswear Store Virtual Phantoms Inc Software Company Albany Pizza Pizza Restaurant Gold Crown Hallmark Gift Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8165423
    Latitude
    42.7102729

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    FAQs

    What type of property is this?
    Retail property - High-profile retail space, multiple suites.
    Where is this retail property located?
    The property is located at 1425 Central Ave Albany, NY.
    What are key features of this property?
    This property features: Retail property totaling 269,366 square feet.; Two suites available, ranging from 2,113 to 41,500 square feet.; 100,000 square feet of vacant space.
    Request Owner's contact information
    1425 Central Ave Albany, NY 12205
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    Albany, 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
    1425 Central Ave Albany, NY 12205
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