153 Central Ave Albany, NY 12206-2982
- Investment properties
- 13,200 SF
- 0.24 lot acres
Current Use by Public Records
- CDReload at CVS / Crypto Atm
- Richard Tourangeau / Pharmacy
- CDReload by Crypto Dispensers / Crypto Atm / Atm
- UPS Access Point location / Shipping And Mailing Service / Mailing Service
Property Details for 153 Central Ave
- Year built
- 1940
- Lot size
- 0.24 lot acres
- Property size
- 13,200 SF
- Zone code
- C3
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 010100 65.63-5-48
- APU
- 101006563548
Description
This exceptional three-story, 24,400 square foot commercial property at 153 Central Ave, Albany, NY 12206, offers a significant 14,000 square foot vacant space ideal for a variety of uses. Classified as a Class C building, it features multiple suites within a single building. The property boasts convenient access from both Central Avenue and Sherman Street. The layout includes a spacious, open basement level, perfect for storage or large-scale operations. The second and third floors provide a blend of private office spaces and open areas, offering flexibility for different organizational needs. A small storefront space on Central Avenue is also available, suitable for reception or display purposes. The building's size and configuration make it particularly well-suited for churches or community-based organizations. The property is located in Albany County and comprises a total of 24,400 square feet across three floors. This presents a unique opportunity to secure a substantial and versatile commercial space in a prime Albany location. The property's multiple access points and adaptable floor plan offer significant potential for a wide range of businesses or organizations.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,015,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,205,000
- 6.5%
- $1,990,000
- 7%
- $2,425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,000,000
- Geo Method
- $1,990,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,185,000
- Retail
- $2,165,000
- Mixed-Use
- $1,940,000
- Hospitality
- $2,390,000
- Educational
- $2,430,000
- Residential Income
- $2,310,000
- Energy
- $2,510,000
- Income-Based Land
- $2,270,000
- Food Service
- $1,970,000
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7678
- Latitude
- 42.6612
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
