**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.
202329757
Retail, Business Opportunities, Other
Albany
1967
0.25
Acres
Public
Brick
Public Sewer
1,423
Sq. Ft.
School Information
Colonie Central HS
Interior Features
- Cooling
- Central Air
- Heating
- Other. Forced Air.
- Basement
- Finished
Exterior / Lot Features
- Parking
- 25 Parking Spaces.
- Exterior
- Brick
- Lot Dimensions
- 53x199
- Zoning
- Mixed
Financial Considerations
012689 42.18-1-19.1
$5,191
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