1909 Central Ave Albany, NY 12205-4221
- Commercial land
- 10,564 SF
- 1.06 lot acres
Current Use by Public Records
- Commercial land
Property Details for 1909 Central Ave
- Year built
- 1960
- Lot size
- 1.06 lot acres
- Property size
- 10,564 SF
- Zone code
- 12
- Property type
- Commercial land
- APN
- 012689 29.10-1-8.1
- APU
- 126892910181
Description
This exceptional 8,600 square foot mixed-use property, situated on a 1.06-acre lot in Colonie, NY, presents a fantastic commercial opportunity. Located at 1909 Central Avenue, this high-visibility site boasts 44 parking spaces, making it ideal for a variety of businesses. Currently available for ground lease at $20 per square foot, plus additional charges, this property offers a unique build-to-suit option. Previous approvals, recently expired, existed for an 8,600 square foot building incorporating a drive-thru, perfectly suited for fast-food restaurants or similar ventures. The ample space and prime location also lend themselves to other uses, such as a supermarket, pharmacy, or discount retailer. The site's previous approvals suggest a streamlined permitting process for prospective tenants. The existing site plan, while expired, provides a solid foundation for future development, minimizing potential delays. This property's high traffic location and substantial parking make it an exceptional investment opportunity for a discerning business owner seeking a prominent presence in a thriving commercial area. The asking price is $850,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.8536
- Latitude
- 42.7365
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
