Property profile

1440 Central Ave Albany, NY 12205

FOR LEASE
Super regional malls
Property ID
US63-1791451
12,768 SF 19.01 ac lot Built 1966
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Northway Commons offers exceptional retail space for lease in the thriving Colonie submarket of Albany County. This multi-tenant property boasts a total of 56,476 square feet, with 7,000 square feet currently vacant and immediately available. The minimum divisible space is 7,000 square feet, ideal for larger retailers or businesses requiring significant footprint. Two spaces are currently available, ranging in size from 2,172 to 7,000 square feet, providing flexibility for various business needs. Located in the highly visible and accessible Northway Commons, this property benefits from excellent exposure and high traffic volume. The property's prime location within the Albany submarket and Colonie submarket cluster ensures strong customer reach and potential for significant business growth. This is a fantastic opportunity for businesses seeking a well-established retail location with ample space and high visibility in a bustling commercial area. The property is classified as a storefront retail space, perfect for businesses that benefit from direct street-level access and high pedestrian traffic. Serious inquiries are encouraged to explore this exceptional leasing opportunity. Contact us today to schedule a viewing and discuss your business needs.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1966
Total area 12,768 SF
Lot 19.01 ac (828,076 SF)
Zoning code 16
APN 012689 42.13-3-4
UPID US63-1791451

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Department Store
  • Clothing Store
  • Animal Training
  • Courier Service Postal Service
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Location

1440 Central Ave Albany, NY 12205
Albany metro Census 14001 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2014
3 recorded transactions
2014
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

16 · Albany, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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