Active
1314 Central Avenue
Colonie NY, 12205
$925,000
$650.04 per sqft
Active
1,423 sqft
Commercial
Built in 1967
: **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.
202422938
MLSⓇ ID
August 7, 2024
Listed
October 14, 2024
Updated
Map
1314 Central Avenue
Colonie NY, 12205
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s)
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.25 Acres
Architectual Style
Traditional
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Taxes
$5,191
Tax Frequency
Annually
Days on Market
16
Garage
No
Parking Total
20
View
No
County
Albany
Water Source
Public
Pool
No
Zoning
Commercial
Listed by Samantha M Curry with New Scotland Realty
Listing Contact: 603-209-1976
The IDX display contains information sourced from Global MLS as of 10/14/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 10/14/2024 at 8:13 PM UTC