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Property profile & analytics
OFF-MARKET
Drive through restaurants

1038 Central Ave Albany, NY 12205

2,012 SF 0.33 ac lot Built 1960
Entity Owned Absentee Owner Free & Clear
Property ID
US63-3731097
Property summary
AI-generated overview

This exceptional ±2,012 square foot free-standing retail building is situated on the bustling Central Avenue (Route 5) in Albany, New York. Currently occupied by a Dunkin' Donuts franchise, the property boasts a convenient drive-thru, enhancing its appeal and operational efficiency. The building is offered for sale or lease, presenting a compelling investment opportunity. The existing lease with the current tenant is set to expire in August 2025, providing flexibility for future use or continued tenancy. Located in Albany County, with a precise address of 1038 Central Ave, Albany, NY 12205 (42.6855705, -73.7968814), this property benefits from high visibility and accessibility due to its prominent location on a major thoroughfare. The single-tenant occupancy simplifies management and provides a clear revenue stream. The property's classification is retail, specifically categorized as a restaurant. This presents a unique opportunity for investors seeking a strong performing asset in a desirable location or for an owner-user seeking to establish their own business in a high-traffic area. The property's size and features make it suitable for a variety of retail uses, beyond its current configuration. Serious inquiries are encouraged to explore the potential of this valuable commercial real estate asset.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1960
Total area 2,012 SF
Lot 0.33 ac (14,388 SF)
Zoning code C2
APN 010100 53.66-1-32
UPID US63-3731097
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
MAURICE EPSTEIN TRUST PC300471
MAURICE EPSTEIN TRUST PC300471
Zoning & alternative use
C2 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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