1218 Central AveAlbany, NY 12205

Property Details for 1218 Central Ave

Year built

1978

Lot size

1.60 AC

Property size (Sq ft)

15,260 SF

Zone code

13

Property type

Office buildings

APN

012689 53.6-3-5

APU

1268953635

Description

This exceptional office space, located at 1218 Central Ave in Albany, NY, offers two available suites within a larger 15,000 square foot building. Situated in Albany County, zip code 12205, this property presents a fantastic opportunity for businesses seeking flexible and conveniently located office space. The building is a traditional office building with multiple tenants. Two contiguous office suites are immediately available, offering a range of sizes to accommodate various business needs. One suite offers approximately 1,200 square feet, while the other provides approximately 1,600 square feet. The minimum leasable space is 1,200 square feet, with a maximum contiguous space of 2,800 square feet. A total of 2,800 square feet is currently vacant. The monthly gross rent for the 1,200 square foot suite is $1,700, and the 1,600 square foot suite is $1,300 per month. This prime Albany location offers easy access to major transportation routes and amenities, making it an ideal choice for businesses of all sizes. The property's address is 1218 Central Ave, Albany, NY 12205. Inquire today to learn more about this exciting leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,790,820

  6.5%

  $3,499,219

  7%

  $3,249,275

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,007,274

  Geo Method

  $1,993,872

• Alternative Use

  Use

  Valuation

  Residential

  $4,339,032

  Hospitality

  $3,974,530

  Educational

  $3,306,762

  Medical

  $3,420,486

  Retail

  $5,143,852

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.6951

Longitude

-73.8083

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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