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Property profile & analytics
OFF-MARKET
Schools

1979 Central Ave Albany, NY 12205

45,900 SF 7.3 ac lot
Property ID
US63-1552346
Property summary
AI-generated overview

This exceptional ±45,900 square foot, two-story school building presents a unique investment opportunity. Situated on a substantial 7.3-acre lot, this property boasts significant frontage along Central Avenue (approximately 1536 feet) and Culver Avenue (approximately 682 feet), offering unparalleled visibility. The property's prime location on the busy Central Avenue commercial corridor, between Albany and Schenectady, ensures high traffic exposure. A New York State traffic count reveals an impressive 11,711 AADT. The building, constructed in phases (1935, 1952, 1964, and 1974), underwent renovations in 2018. Zoned COR (Commercial Office Residential), this versatile property offers considerable potential for redevelopment or repurposing. The asking price is $1,850,000, translating to $40.31 per square foot. The Albany County location, with a 12205 zip code, provides easy access to major transportation routes and a thriving community. This substantial property offers a rare chance to acquire a large-scale building with significant street frontage in a high-traffic area. The property's size and zoning flexibility make it ideal for a variety of commercial ventures.

Property profile
Verified
Property type Schools
Total area 45,900 SF
Lot 7.3 ac (317,988 SF)
APN 29.6-1-1
UPID US63-1552346
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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