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Property profile & analytics
FOR LEASE
Banks

1847 Central Ave Colonie, NY 12205

3,648 SF 1.28 ac lot Built 1989
Entity Owned 18-yr Hold Free & Clear
Property ID
US63-2640560
1847 Central Ave, Colonie, NY 12205 For Lease
$35 SF/Yr
1847 Central Ave, Colonie, NY 12205
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Property summary
AI-generated overview

This ±3,648 square foot single-story retail building, currently configured as a bank branch, is available for lease in Albany, New York. Located at 1847 Central Avenue, this property boasts exceptional visibility due to its placement on a high-traffic corner with a traffic signal. The building features a convenient drive-thru, a significant advantage for businesses requiring quick and easy customer access. Situated in Albany County, zip code 12205, the property offers a strategic location for businesses seeking high foot traffic and convenient access for customers. The single-tenant occupancy provides a unique opportunity for a business to establish a strong presence in a busy commercial area. The building's size and layout are ideal for a variety of retail uses, making it a versatile option for prospective tenants. The property's location offers excellent exposure to a large customer base, ensuring high visibility and potential for significant business growth. Detailed site plans and lease terms are available upon request. This is a rare opportunity to secure a prime retail space in a high-demand location. Contact us today to schedule a viewing.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1989
Total area 3,648 SF
Lot 1.28 ac (55,757 SF)
Zoning code 12
APN 012689 29.11-6-26
UPID US63-2640560
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
  • Sunmark Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
1847 Central Avenue LLC · 18 yrs held
1847 Central Avenue LLC
since 2007
4 recorded transactions
2007
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
12 · Colonie, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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