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