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    Property profile & analytics
    FOR LEASE
    Super regional malls

    1440 Central Ave, Albany, NY 12205

    12,768 SF 19.01 ac lot Built 1966
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US63-1791451
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Marshalls Department Store
    • Eddie Bauer Outlet Clothing Store
    • Petco Dog Training Animal Training
    • UPS Alliance Shipping Partner Courier Service Postal Service
    • Super Shoes Clothing & Fashion Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Northway Mall Props Sub LLC · 12 yrs held
    Northway Mall Props Sub LLC
    since 2014
    3 recorded transactions
    2014
    1969
    1969
    Zoning & alternative use
    16 · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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