1540 Central Ave Albany, NY 12205
This exceptional 3,000 square foot retail building presents a unique investment opportunity in Colonie, NY. Located at 1540 Central Ave, this single-tenant property sits on a generous 2.05-acre lot and is ideally suited for a drive-thru restaurant or similar retail operation. The building is brand new construction, offering a modern and efficient layout. With ample parking for 27 vehicles, customer convenience is prioritized. The property's prominent location on Central Avenue ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving market. The entire 3,000 square feet is currently vacant, providing a blank canvas for a prospective tenant to customize the space to their exact specifications. The one-story building offers easy navigation and accessibility for both customers and staff. This is a rare opportunity to acquire a newly constructed, strategically located retail property in a high-traffic area of Albany, New York. The property's size and features make it suitable for a variety of retail concepts, particularly those that benefit from drive-thru capabilities. The expansive lot size allows for future expansion or additional development, offering significant long-term potential. The zip code is 12205. This property is ready for immediate occupancy.
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Pinto Thai Kitchen Restaurant
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1st Kander Realty Real Estate Agency
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CBM Business Solutions Financial Advisor
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Moodie Bluez Consulting Consultant
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Sahara Outing, 1st Kander Realty Inc Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.