1839 Central AveColonie, NY 12205

Property Details for 1839 Central Ave

Year built

1986

Lot size

2.70 AC

Property size (Sq ft)

14,344 SF

Zone code

12

Property type

Retail properties

Property subtype

Strip malls

APN

012689 29.11-6-23

APU

126892911623

Description

This exceptional retail opportunity is located at 1839 Central Avenue in Colonie, New York, within a vibrant shopping center. The property boasts a total of 24,007 square feet across two suites, situated on a generous 4.1-acre lot in Albany County. Currently, 3,227 square feet of retail space is available, divisible into units ranging from a minimum of 1,110 square feet to a maximum contiguous space of 2,117 square feet. One available space measures 2,080 square feet, while another offers 1,110 square feet. The center enjoys a prime location near the intersection of Central Avenue and Route 155, benefiting from high visibility and convenient access for customers. This well-established shopping center presents a fantastic chance for businesses seeking a strong presence in a thriving Colonie neighborhood. The property's address is 1839 Central Ave, Albany, NY 12205. The convenient location and flexible space options make this an ideal investment for a variety of retail ventures. The property is zoned for retail use and offers ample parking for customers. This is a rare opportunity to secure retail space in a high-traffic area with excellent visibility. Serious inquiries are encouraged to explore this promising investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $5,238,010

  6.5%

  $4,835,086

  7%

  $4,489,722

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,754,698

  Geo Method

  $4,722,952

• Alternative Use

  Use

  Valuation

  Residential

  $4,078,576

  Hospitality

  $3,735,954

  Educational

  $3,108,270

  Medical

  $3,215,168

  Retail

  $4,835,086

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.7318

Longitude

-73.848

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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