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    FOR LEASE
    Gas stations

    285 New Scotland Ave, Albany, NY 12208

    4,800 SF 0.11 ac lot Built 1930
    Entity Owned 16-yr Hold Free & Clear
    Property ID
    US63-2994864
    285 New Scotland Ave, Albany, NY 12208 For Lease
    $15 SF/Yr 4,800 SF available
    285 New Scotland Ave, Albany, NY 12208
    View Listing →
    Property summary
    AI-generated overview

    This exceptional 0.11-acre parcel located at 285 New Scotland Avenue in Albany, New York presents a unique opportunity for developers and investors. The property's address is strategically situated within Albany, offering convenient access to major transportation routes, local amenities, and a thriving urban environment. The land is currently vacant, providing a blank canvas for a wide range of development possibilities. Given its size and location, this lot is well-suited for a variety of projects, from small-scale commercial ventures to potentially residential construction, subject to all necessary approvals and zoning regulations. The absence of existing structures simplifies the development process, minimizing demolition costs and expediting project timelines. Prospective buyers are encouraged to conduct their own due diligence regarding zoning regulations, building codes, and potential development restrictions. This property represents a rare chance to acquire a prime piece of land in a desirable Albany location, offering significant potential for future growth and return on investment. The absence of a listed price indicates the property is available for offers. Serious inquiries are welcome. All interested parties should independently verify all information provided.

    Property profile
    Verified
    Property type Gas stations
    Use group SERVICE STATION WITH FOOD MART
    Year built 1930
    Total area 4,800 SF
    Lot 0.11 ac (4,850 SF)
    Zoning code C1
    APN 010100 75.28-2-36
    UPID US63-2994864
    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
    Current use
    Occupant on record · Public records
    • Stewart's Shops Grocery & Convenience Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Stewarts Shops Corp · 16 yrs held
    Stewarts Shops Corp
    since 2010
    1 recorded transaction
    2010
    Zoning & alternative use
    C1 · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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