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    FOR LEASE
    Strip malls

    1839 Central Ave, Albany, NY 12205

    14,344 SF 2.7 ac lot Built 1986
    Entity Owned 16-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-2223116
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 1839 Central Avenue in Colonie, New York, within a vibrant shopping center. The property boasts a total of 24,007 square feet across two suites, situated on a generous 4.1-acre lot in Albany County. Currently, 3,227 square feet of retail space is available, divisible into units ranging from a minimum of 1,110 square feet to a maximum contiguous space of 2,117 square feet. One available space measures 2,080 square feet, while another offers 1,110 square feet. The center enjoys a prime location near the intersection of Central Avenue and Route 155, benefiting from high visibility and convenient access for customers. This well-established shopping center presents a fantastic chance for businesses seeking a strong presence in a thriving Colonie neighborhood. The property's address is 1839 Central Ave, Albany, NY 12205. The convenient location and flexible space options make this an ideal investment for a variety of retail ventures. The property is zoned for retail use and offers ample parking for customers. This is a rare opportunity to secure retail space in a high-traffic area with excellent visibility. Serious inquiries are encouraged to explore this promising investment prospect.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1986
    Total area 14,344 SF
    Lot 2.7 ac (117,612 SF)
    Zoning code 12
    APN 012689 29.11-6-23
    UPID US63-2223116
    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
    • Mazadar Mediterranean Kitchen Restaurant
    • Mr Dealz Electronics & Wireless Store
    • Jay Allen Barber Studio Barber Shop
    • AAA Elite Medical Equipment Diabetes Equipment Supplier Orthopedic Shoe Store
    • Williams Gloria V DDS Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    1839 Wood LLC · 16 yrs held
    1839 Wood LLC
    since 2009
    3 recorded transactions
    2009
    2006
    $1.4M
    1969
    Zoning & alternative use
    12 · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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