Property profile

1769 Central Ave Albany, NY 12205

OFF-MARKET
Automotive properties
Property ID
US63-6259224
13,222 SF 3.03 ac lot Built 1991
Entity Owned 13-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1991
Total area 13,222 SF
Lot 3.03 ac (131,987 SF)
Zoning code 45
APN 012601 29.15-1-32
UPID US63-6259224

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Car Dealership
  • Car Dealership

Location

1769 Central Ave Albany, NY 12205-4734
Albany metro Census 13902 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$768k
Blend (final) Blend
$905k

Owner & transaction history

since 2012
4 recorded transactions
2012
$3.6M
2012
$1.9M
2011
$1.6M
2006
Price N/A

Zoning & alternative use

45 · Albany, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1769 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message