368 Central Ave, Albany, NY 12206
For Sale
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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.
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Watkins Spring Co (Bike/Boat/Book/etc) Store Auto Parts 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
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Property description
Physical attributes from public recordsZoning & alternative use
C3 · Albany, NYAlbany. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.