1979 Central Ave Albany, NY 12205
- Schools
- 45,900 SF
- 7.30 lot acres
Current Use by Public Records
- Schools
Property Details for 1979 Central Ave
- Lot size
- 7.30 lot acres
- Property size
- 45,900 SF
- Property type
- Schools
- APN
- 29.6-1-1
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.8610991
- Latitude
- 42.7434546
