215 Western Ave Albany, NY 12203
For Lease
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This exceptional single-tenant retail property at 215 Western Avenue in Albany, New York, presents a unique investment opportunity. Located in Albany County, this property boasts a convenient address within the 12203 zip code. The building is classified as both retail and land, making it highly versatile. The single-tenant occupancy simplifies management and provides a stable income stream. The property includes a fully functional kitchen, equipped with pizza ovens and other essential restaurant equipment, representing significant value for a prospective buyer. This turnkey solution eliminates the need for extensive upfront investment in kitchen infrastructure. The property's location on Western Avenue offers excellent visibility and accessibility, making it an ideal spot for a thriving restaurant or similar retail business. The property's size and configuration are well-suited for a variety of commercial uses, providing flexibility for potential tenants or owners. This is a rare opportunity to acquire a well-situated, fully equipped commercial property in a desirable Albany location. The property's existing infrastructure and prime location combine to create a compelling investment prospect with strong potential for future growth and profitability. Serious inquiries are encouraged to explore this exceptional offering further. The property is ready for immediate occupancy.
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Ichiban Chinese & Japanese Restaurant Restaurant
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Munchies Restaurant Take-out & Catering
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Cocina Nostra by D’Carlito Restaurant
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El Rey Mexitalia Restaurant
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Lazaza Smoke Shop (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Albany, NYAlbany. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.