1312 Central Ave, Albany, NY 12205
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.
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Victory Church Colonie Church
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Justice For Orphans Association / Organization
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.