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    FOR SALE
    Mixed-use properties

    1312 Central Ave, Albany, NY 12205

    0.46 ac lot Built 1975
    Property ID
    US63-0543304
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 1312 Central Avenue, Unit 1312 in Colonie, New York, presents a compelling investment opportunity. Situated on a sizable 0.46-acre lot, this property offers significant potential for a variety of uses, capitalizing on its strategic location within the vibrant Colonie community. The asking price is $865,000. While the precise square footage is currently unavailable, the substantial lot size suggests ample space for development or expansion. The mixed-use zoning allows for flexibility in adapting the property to meet diverse business needs, making it an attractive prospect for both established businesses seeking to expand and entrepreneurs looking to establish a new venture. Its prime location on Central Avenue ensures high visibility and accessibility, attracting a large volume of foot traffic and vehicular traffic. This property represents a rare chance to acquire a significant piece of Colonie real estate with considerable upside potential. Further due diligence is encouraged to fully assess the property's potential and to determine its suitability for specific business plans. The property's size and location make it an ideal candidate for a variety of commercial and residential uses, subject to local zoning regulations. Interested parties are encouraged to conduct their own independent investigation into the property's zoning and potential uses.

    Property profile
    Verified
    Property type Mixed-use properties
    Year built 1975
    Lot 0.46 ac (20,038 SF)
    UPID US63-0543304
    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
    Current use
    Occupant on record · Public records
    • Victory Church Colonie Church
    • Justice For Orphans Association / Organization
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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