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    Property profile & analytics
    FOR LEASE
    Strip malls

    900 Central Ave, Albany, NY 12206

    136,744 SF 6.12 ac lot Built 1960
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US63-2783878
    Property summary
    AI-generated overview

    Hannaford Plaza presents a unique opportunity for businesses seeking high-visibility retail space in Albany, NY. Located on Central Avenue, Albany's primary retail corridor, this premier shopping center offers excellent accessibility and high foot traffic. The property boasts a total of 101,616 square feet of retail space, currently featuring multiple tenancies. For prospective tenants, there are four available spaces ranging in size from a minimum of 1,605 square feet to a maximum contiguous space of 3,932 square feet. A total of 9,788 square feet is currently vacant, offering flexibility for businesses of various sizes. The property's strategic location within the bustling commercial district of Albany County ensures significant exposure to a large customer base. This is an ideal location for businesses seeking a strong presence in a thriving retail environment. The flexible space options allow for customization to suit individual business needs, making it an attractive proposition for a variety of retail concepts. The opportunity to establish a presence in this established and successful shopping center is not to be missed. Contact us today to learn more about the available spaces and lease terms. Serious inquiries only.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1960
    Total area 136,744 SF
    Lot 6.12 ac (266,500 SF)
    Zoning code C2
    APN 010100 53.83-1-5
    UPID US63-2783878
    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
    • Western Union Bank Credit Union
    • Colvin Wine & Liquor Specialty Food Shop Wine and Liquor Store
    • Bank of America ATM Atm
    • Michelle Wallock Pharmacy
    • Jennifer Reiner Pharmacy
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $6.95M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $8.52M
    Owner & transaction history
    Cp 900 Central LLC · 3 yrs held
    Cp 900 Central LLC
    since 2022
    Last sale
    $10.4M
    2 recorded transactions
    2022
    2014
    $9.2M
    Zoning & alternative use
    C2 · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $11.4M +539.5%
    Restaurant $10.3M +479.6%
    Commercial (general) $9.0M +409.2%
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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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