15 Ctr St, Albany, NY 12207-2425
This exceptional 1,500 square foot free-standing retail building, situated on a 0.49-acre corner lot in Albany, NY's warehouse district, presents a unique investment opportunity. Built in 1962, the property is currently vacant and offers immediate occupancy. The zoning, designated as MU Formed Based W/House, allows for a variety of uses. The building's single-tenant configuration provides flexibility for owner-occupancy or leasing. Its prime location near downtown Albany ensures high visibility and accessibility. The substantial lot size offers potential for expansion or redevelopment, catering to various business needs. This property is offered as a ground lease, providing an attractive entry point into the Albany commercial real estate market. The address is 15 Centre Street, Albany, NY 12207, and the property is conveniently located at latitude 42.6561452 and longitude -73.7445815. This is an excellent chance to acquire a well-positioned retail space with significant upside potential in a thriving urban area. The property's existing structure provides a solid foundation for immediate use, while the ample lot size allows for future growth and adaptation to evolving market demands. Don't miss this opportunity to secure a valuable asset in a dynamic and growing city.
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
M1 · Albany, NYAlbany. Always verify with local authorities before improvements.
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.