Property profile

911 Central Ave Albany, NY 12206

FOR LEASE
Super regional malls
Property ID
US63-2378749
64,088 SF 14 ac lot Built 1959
Individually Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Westgate Plaza, located at 911 Central Ave in Colonie, NY (zip code 12205), offers exceptional retail and restaurant space, ideal for medical uses. This Albany County property boasts a total of 10,575 square feet, currently entirely vacant and available for lease. The space is divisible, with a minimum leasable area of 3,000 square feet and a maximum contiguous space of 7,200 square feet, providing flexibility for various business needs. This presents a unique opportunity for businesses seeking a prominent location in a thriving area. The property's address is easily accessible, offering high visibility and convenient access for customers and employees. The building is situated in Albany County, New York, providing access to a strong local market and a diverse customer base. This is a multi-tenant building, offering the potential for synergy with complementary businesses. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire about lease terms and conditions. The property's location offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The flexible space options cater to a range of business sizes and requirements.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1959
Total area 64,088 SF
Lot 14 ac (609,840 SF)
Zoning code C2
APN 010100 53.75-1-2
UPID US63-2378749

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
  • Marketing & Advertising Advertising Agency
  • Big Box & Wholesale Store
  • Restaurant
  • Barber Shop
  • Bank Loan Service

Location

911 Central Ave Albany, NY 12206
Albany metro Census 302 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
by Request
Blend (final) Blend
$860k

Owner & transaction history

since 2018
3 recorded transactions
2018
$250,000
2014
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Albany, NY
Top alternative use upside
Industrial (general) $1.4M +66.5%

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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More about this property
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