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    Property profile & analytics
    OFF-MARKET Estimated value $1,080,000
    Auto shops

    15 Ctr St, Albany, NY 12207-2425

    374 SF 0.42 ac lot Built 1962
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US63-5218928
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1962
    Total area 374 SF
    Lot 0.42 ac (18,088 SF)
    Zoning code M1
    APN 010100 65.20-2-33
    UPID US63-5218928
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.05M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.08M
    Owner & transaction history
    Beverwyck LLC · 3 yrs held
    Beverwyck LLC
    since 2022
    Last sale
    $1.3M
    1 recorded transaction
    2022
    $1.3M
    Zoning & alternative use
    M1 · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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