1975 Central AveColonie, NY 12205

Property Details for 1975 Central Ave

Year built

1990

Lot size

0.85 AC

Property size (Sq ft)

4,380 SF

Zone code

12

Property type

Turn key restaurants

APN

012689 29.6-1-2

APU

1268929612

Description

This exceptional 0.85-acre commercial lot presents a unique investment opportunity in the thriving Colonie, NY market. Situated at 1975 Central Avenue, this property boasts a highly visible location with excellent access to major roadways and a substantial daily traffic count, ensuring maximum exposure for any future development. The expansive lot size offers considerable flexibility for a variety of commercial projects, from retail spaces and restaurants to office buildings or light industrial uses. The property's zoning designation allows for a range of possibilities, making it an attractive prospect for both established businesses seeking expansion and entrepreneurs looking to build from the ground up. Its strategic location within Colonie provides easy access to a diverse and growing population base, offering a strong potential customer pool. The asking price of $1,275,000 reflects the significant value and development potential inherent in this prime commercial land parcel. Serious inquiries are encouraged to explore the possibilities and secure this exceptional opportunity to establish a thriving business in a highly desirable location. Detailed zoning information and development guidelines are readily available upon request. Don't miss this chance to acquire a piece of Colonie's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,599,448

  6.5%

  $1,476,414

  7%

  $1,370,956

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,451,867

  Geo Method

  $1,442,173

• Alternative Use

  Use

  Valuation

  Residential

  $1,245,410

  Hospitality

  $1,140,789

  Educational

  $949,123

  Medical

  $981,765

  Retail

  $1,476,414

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.7425

Longitude

-73.8605

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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