Property profile

368 Central Ave Albany, NY 12206

FOR SALE
Auto shops
Property ID
US63-2359090
16,420 SF 0.51 ac lot Built 1984
Entity Owned Free & Clear
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Property summary

AI-generated overview

Exceptional opportunity to acquire Watkins Spring Co. Inc., a well-established business operating for over a century in Albany, NY. This profitable enterprise specializes in heavy-duty truck suspension services, boasting over 4,000 accounts and a strong reputation within the Capital District. The sale encompasses the real estate, business, goodwill, fixtures, furniture, equipment (FF&E), and inventory. The property itself comprises a 16,420 square foot building constructed in 1908, situated on a 0.86-acre lot with 25 parking spaces. The building is single-story and zoned MU-FC. The property features a 243-foot frontage and a total lot size of 37,461.6 square feet (as calculated from provided lot size and frontage). The asking price is $3,000,000. Interested parties must sign a non-disclosure agreement (NDA) and provide proof of funds. Detailed building and real estate information is available in associated documents. This is a rare chance to own a thriving, long-standing business with significant assets. The property's location at 368 Central Avenue, Albany, NY 12206, offers excellent visibility and accessibility. The APN is 010100 65.54 -1-18.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1984
Total area 16,420 SF
Lot 0.51 ac (22,240 SF)
Zoning code C3
APN 010100 65.54-1-18
UPID US63-2359090

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

368 Central Ave Albany, NY 12206
Albany metro Census 600 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$265k

Owner & transaction history

Zoning & alternative use

C3 · Albany, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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