Address
1314 Central Avenue, Albany, NY
Price
$ 925,000
Property Attributes
- MLS#202329757
- TypeCommercial
- CountyALBANY
- CityAlbany
- AreaColonie
- Zip12205
- StyleRetail
- Year Built1967
- Taxes$ 5191
- Price$ 925,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1423
- Lot Size10,890 SqFt
Data Source:
Global MLS (GCAR)
Property Description
**BEING SOLD AS PACKAGE WITH 1314A CENTRAL AVENUE** Presenting an opportunity to acquire a strategically positioned package deal comprising two adjacent commercial buildings along the bustling Central Ave retail corridor. 1314 Central, currently occupied, the upstairs tenant is paying $1,400/month with rent increases to $1,800 in year 2 and $2,000/month in year 3. The lease is structured as a 1 year lease with two 1-year options. The downstairs tenant is paying $1,200/month with annual 2.5% rent increases. This is a 3 year lease ending in 2027. The property also holds potential for multi-family conversion. 1314A Central is occupied by a reputable tattoo parlor tenant with a solid 15-year history, and basement is leased to a plumber with 5-year tenancy.
| High School |
|---|
| Colonie Central HS |
| Price History | |
|---|---|
| 12/19/2023 | Listed $925,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air |
| Possession | At Closing |
| Zoning | Mixed |
| Construction Materials | Brick |
| Year Built | 1967 |
| Property SubType | Retail |
| County | Albany |
| New Construction | No |
| Property Type | Commercial Sale |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | Take Exit 2E for Central Avenue (Route 5) Eastbound. Merge onto Central Avenue,follow the signs for Central Avenue heading east. Continue on Central Avenue,stay on Central Avenue for approximately 2 |
| ModificationTimestamp | 2024-03-15T15:00:33Z |
| High School | Colonie Central HS |
| City | Colonie |
| Buyer Agent Compensation | 2.00 |
| View Y/N | No |
| High School District | South Colonie |
| Lot Size Square Feet | 10890.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Central |
| Land Lease Y/N | No |
| Tax Annual Amount | 5191.01 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://www.hommati.com/3DTour-AerialVideo/unbranded/1314-Central-Ave-Albany-NY--HPI30832451 |
| Days on Market | 131 |
| Standard Status | Active |
| Tax Lot | 19.001 |
| MobileHomeRemainsYN | No |
| Buyer Agent Compensation Type | % |
| PostalCity | Albany |
| Senior Community | None |
Interior Features
| Basement | Finished |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | Avenue |
| Electric On Property Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking | 25.0 |
| Inclusions | {u'Building & Land': True} |
| Lot Size Area | 0.25 |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 1423.0 |
| Lot Dimensions | 53x199 |
| Lot Size Acres | 0.25 |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 12205
Price
Taxes
Visits
Year Built
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