Building Details

Year Renovated 2024

Tenancy Multi

Listing Agency: One Anchor Realty

Listed By: Mike McCracken · License #10371201894

Source: Crexi

Added: Apr 9, 2024 Changed: Oct 12 Last Checked: Oct 16 at 6:18AM

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Investment Insights

Based on property information with market context.

This retail space is located in a high-traffic area in downtown Albany, New York, and benefits from traffic light access.

Key Highlights

• High traffic location
• Downtown Albany NY location
• Traffic light access

Property Analytics

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Current Use

higi Physician Michael Mcginn Pharmacy Patrick Ward Pharmacy Affordable Dental Implants ... Dental Office

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Gym & Fitness Center Storage Facility Home Appliance Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,343

Businesses Nearby

66k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 63% Shops & Services 37%

McDonald's Dining

17,748 visits/mo 0.5 miles

Burger King Dining

11,928 visits/mo 0.3 miles

Dunkin' Donuts Dining

11,855 visits/mo 0.4 miles

Mobil Shops & Services

9,921 visits/mo 0.3 miles

Hoffman Car Wash Shops & Services

6,879 visits/mo 0.0 miles

Demographics for 12206, NY

17,219

Population

8,641

Households

2

Avg Household Size

32

Median Age

26%

College-Educated

84%

High-School Grad

2.1 sq mi

ZIP Area

8,200

Density / Sq Mi

$38,931

Median Household Income

$28,087

Median Earnings

$1,189

Median Rent

$162,300

Median Home Value

Market

Vacancy Rate% for Retail in Albany, NY

5.4% 2020

4.8% 2021

5.5% 2022

4.7% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space in high-traffic downtown Albany, New York.

Where is this retail space located?

The property is located at 581 Central Ave Albany, NY.

What are key features of this property?

This property features: High traffic location; Downtown Albany NY location; Traffic light access