Property profile

1975 Central Ave Albany, NY 12205

OFF-MARKET
Turn key restaurants
Property ID
US63-2584357
4,380 SF 0.85 ac lot Built 1990
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.85-acre commercial lot presents a unique investment opportunity in the thriving Colonie, NY market. Situated at 1975 Central Avenue, this property boasts a highly visible location with excellent access to major roadways and a substantial daily traffic count, ensuring maximum exposure for any future development. The expansive lot size offers considerable flexibility for a variety of commercial projects, from retail spaces and restaurants to office buildings or light industrial uses. The property's zoning designation allows for a range of possibilities, making it an attractive prospect for both established businesses seeking expansion and entrepreneurs looking to build from the ground up. Its strategic location within Colonie provides easy access to a diverse and growing population base, offering a strong potential customer pool. The asking price of $1,275,000 reflects the significant value and development potential inherent in this prime commercial land parcel. Serious inquiries are encouraged to explore the possibilities and secure this exceptional opportunity to establish a thriving business in a highly desirable location. Detailed zoning information and development guidelines are readily available upon request. Don't miss this chance to acquire a piece of Colonie's vibrant commercial landscape.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1990
Total area 4,380 SF
Lot 0.85 ac (37,026 SF)
Zoning code 12
APN 012689 29.6-1-2
UPID US63-2584357

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
  • Restaurant

Location

1975 Central Ave Albany, NY 12205-4501
Albany metro Census 13804 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

12 · 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
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