1314 Central Avenue, Albany, NY 12205 | MLS 202329757 | Listing Information | Berkshire Hathaway HomeServices Blake, REALTORS | Berkshire Hathaway HomeServices Blake, REALTORS
FOR SALE
$925,000  

1314 Central Avenue
Albany, NY 12205

Retail, Business Opportunities
Commercial
1,423
Sq. Ft.
0.25
Acres Lot
Listing by: New Scotland Realty
**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
Listing by: New Scotland Realty
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Information is deemed reliable but is not guaranteed.