1038 Central Ave Albany, NY 12205
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
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
C2 · Albany, NYAlbany. Always verify with local authorities before improvements.
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.