Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
12 · Albany, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 12 in Albany, NY.
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Find the owner behind the property.
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