Skip To Content

1314 Central Avenue

Colonie, NY 12205
  • $925,000
  • STATUS: Active
  • MLS #: 202422938
UPDATED: 68 min ago
$925,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,423
    SQFT
  • $650
    $/SQFT
Type:
Commercial
Built:
1967
County:
Area:

School Ratings & Info

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.

Monthly Payment Calculator



© 2024 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2024-12-02T11:12:24.227.
www.mccarthysells.com/homes/153399331
Print Image

1314 Central Avenue Colonie, NY 12205

  • Price: $925,000
  • Status: Active
  • On Site: Days
  • Updated: 68 min ago
  • MLS #: 202422938
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1,423
SQFT
$650
$/SQFT
1967
Built
County:
Albany
Area:
Albany
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.
Exterior Features

Architectural Style Traditional Construction Materials Brick Parking Total 20 Roof Shingle Waterfront YN No

Interior Features

Cooling Wall Unit(s) Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Association YN No Land Lease YN No New Construction YN No Property Sub Type Retail Sewer Public Sewer Special Listing Conditions Standard Water Source Public Zoning Commercial

Listing information © 2024 Global MLS.
Listing provided courtesy of Samantha Curry of New Scotland Realty: .



© 2024 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2024-12-02T11:12:24.227.
 
https://bt-photos.global.ssl.fastly.net/capital/orig_boomver_1_202422938-2.jpg https://bt-photos.global.ssl.fastly.net/capital/orig_boomver_1_202422938-2.jpg https://bt-photos.global.ssl.fastly.net/capital/orig_boomver_1_202422938-2.jpg
Logo
The Shannon McCarthy Team | eXp Realty
125 High Rock Ave, Suite 200
Saratoga Springs NY, 12866