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    FOR SALE
    Auto shops

    368 Central Ave, Albany, NY 12206

    16,420 SF 0.51 ac lot Built 1984
    Entity Owned Free & Clear
    Property ID
    US63-2359090
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Watkins Spring Co (Bike/Boat/Book/etc) Store Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.39M
    Blend (final) Blend
    $1.23M
    Owner & transaction history
    WATKINS SPRING CO INC
    WATKINS SPRING CO INC
    Zoning & alternative use
    C3 · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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