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    FOR LEASE
    Office buildings

    1500 Central Ave, Albany, NY 12205

    11,700 SF 0.37 ac lot Built 1966
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US63-2058707
    Property summary
    AI-generated overview

    This exceptional 11,700 square foot special purpose property, located at 1500 Central Avenue in Albany County, presents a unique investment opportunity. The single-tenant building sits on a sizable 16,117 square foot lot and boasts a highly desirable location offering excellent visibility for any business. The property features several retail spaces at the front, ideal for customer interaction and showcasing products or services. Behind the retail area, ample office space provides a functional and private work environment. A significant advantage is the availability of over 75 parking spaces, ensuring convenient access for employees and customers alike. The property is offered with a Modified Gross Lease, and pricing varies depending on the specific needs of the tenant. This prime location in the South Colonie area offers exceptional potential for a variety of businesses seeking a prominent and well-equipped space. The substantial lot size also allows for potential future expansion or development. This is a rare opportunity to secure a well-established commercial property in a high-traffic area. Contact us today to learn more about this exceptional offering and discuss lease terms.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1966
    Total area 11,700 SF
    Lot 0.37 ac (16,117 SF)
    Zoning code 45
    APN 012601 41.12-6-4
    UPID US63-2058707
    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
    • J J Young Co Employment Agency
    • JPL Security Training Security Service
    • 99 Dollar Income Tax Services Tax Preparation
    • IRECC Real Estate Agency
    • Ismaili Jamatkhana Church Mosque
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $775k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $542k
    Blend (final) Blend
    $775k
    Owner & transaction history
    1510 Central LLC · 1 yrs held
    1510 Central LLC
    since 2024
    Last sale
    $775,000
    2 recorded transactions
    2024
    $775,000
    2006
    $750,000
    Zoning & alternative use
    45 · Colonie, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.3M +51.5%
    Commercial (general) $915,000 +9.1%
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    More about this property
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