1847 Central AveAlbany, NY 12205

Property Details for 1847 Central Ave

Year built

1989

Lot size

1.28 AC

Property size (Sq ft)

3,648 SF

Zone code

12

Property type

Banks

APN

012689 29.11-6-26

APU

126892911626

Description

This ±3,648 square foot single-story retail building, currently configured as a bank branch, is available for lease in Albany, New York. Located at 1847 Central Avenue, this property boasts exceptional visibility due to its placement on a high-traffic corner with a traffic signal. The building features a convenient drive-thru, a significant advantage for businesses requiring quick and easy customer access. Situated in Albany County, zip code 12205, the property offers a strategic location for businesses seeking high foot traffic and convenient access for customers. The single-tenant occupancy provides a unique opportunity for a business to establish a strong presence in a busy commercial area. The building's size and layout are ideal for a variety of retail uses, making it a versatile option for prospective tenants. The property's location offers excellent exposure to a large customer base, ensuring high visibility and potential for significant business growth. Detailed site plans and lease terms are available upon request. This is a rare opportunity to secure a prime retail space in a high-demand location. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,332,143

  6.5%

  $1,229,670

  7%

  $1,141,837

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,209,226

  Geo Method

  $1,201,152

• Alternative Use

  Use

  Valuation

  Residential

  $1,037,273

  Hospitality

  $950,137

  Educational

  $790,502

  Medical

  $817,689

  Retail

  $1,229,670

Location Insight

City

Colonie

County

Albany

State

New York

Latitude

42.7328

Longitude

-73.8487

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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