1769 Central Ave, Albany, NY 12205-4734
- Automotive properties
- 13,222 SF
- 3.03 lot acres
Current Use by Public Records
- Otto Cadillac, Inc. / Car Dealership
- Otto Cadillac Inc. Service / Car Dealership
- Otto Cadillac Inc. Service Department / Car Dealership
Property Details for 1769 Central Ave
- Year built
- 1991
- Lot size
- 3.03 lot acres
- Zone code
- 45
- Property type
- Automotive properties
- APN
- 012601 29.15-1-32
- APU
- 126012915132
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 18, 2012 | $3,649,000 | Weo II LLC | Srs Colonie LLC | Grant Deed | $2.4M · M & T Bank |
| May 30, 2012 | $1,900,000 | Srs Colonie LLC | 1769 Central Avenue LLC | Grant Deed | — |
| Mar 23, 2011 | $1,575,000 | 1769 Central Avenue LLC | Northeast American Realty LLC | Warranty Deed | — |
| Dec 4, 2006 | — | Northeast American Realty LLC | Northeast American Realty Part | Quit Claim Deed | — |
Description
This exceptional investment opportunity presents a prime 14,262 square foot car dealership assemblage situated on a 4.51-acre lot at 1769 and 1767 Central Avenue in Colonie, New York. The property includes two buildings totaling 14,262 square feet, recently renovated in 2012. The main building offers approximately 13,222 square feet of space, complemented by a 1,040 square foot annex. The property boasts ample parking with 231 spaces, including an additional 88 spaces provided by a 0.90-acre parking easement at 1730 Central Avenue. This strategically located property benefits from high visibility on Central Avenue, a major thoroughfare with approximately 41,769 cars passing daily. Its convenient access to I-87 and Wolf Road, coupled with its proximity to other dealerships and a strong residential and commercial population, makes it an ideal location for automotive businesses. The property features six service bays with in-ground lifts, one alignment rack, and four EV charging stations (with capacity for expansion). Four roll-up doors enhance operational efficiency. The property is zoned Commercial A & Residential A (split zoning), offering flexibility for future development. The buildings are two stories, constructed in 1991. This is a vacant, owner-user investment opportunity.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $768,000
Market price range: $215k - $955k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.8435
- Latitude
- 42.7286
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
