1892 Central Ave | Albany, NY 12205
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- LoopNet Team
1892 Central Ave
Albany, NY 12205
Colonie Plaza Shopping Center · Retail Property For Sale
Investment Highlights
- Grocery anchored shopping center with a successful 34 year operating history.
- Prime real estate on Central Avenue (23,114 vpd), Colonie’s primary retail corridor.
- Potential upside with out-parcel development opportunity in parking lot.
- Price Chopper supermarket invested in a new building in 2009
- Strong demographics in 5 mile trade area servicing an established neighborhood customer base.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
148,536 SF
Building Class
B
Year Built
1987
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
17.69 AC
Zoning
45
Parking
654 Spaces (4.66 Spaces per 1,000 SF Leased)
Frontage
590 FT on Central Ave Ave
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 012601-029-010-0002-001-001-0000 | Improvements Assessment | $6,750,000 |
| Land Assessment | $2,250,000 | Total Assessment | $9,000,000 |
PROPERTY TAXES
Parcel Number
012601-029-010-0002-001-001-0000
Land Assessment
$2,250,000
Improvements Assessment
$6,750,000
Total Assessment
$9,000,000
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