484 Central Ave | Albany, NY 12206
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- LoopNet Team
484 Central Ave
Albany, NY 12206
Family Dollar · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 484 Central Ave is an attractive investment opportunity for a freestanding retail property with exceptional visibility and a NN lease in place.
- Family Dollar has occupied the property for over 30 years and has a corporate-guaranteed lease with an upcoming 10% rental escalation.
- 484 Central Avenue receives very high customer traffic and has few landlord responsibilities, which include roof and parking lot maintenance.
- Ideally situated along a vibrant commercial corridor in Albany's Beverwyck neighborhood, surrounded by a large population.
- Retailers such as ShopRite, The Home Depot, CVS, McDonald’s, Popeyes, and the University of Albany are minutes from the property.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
7,857 SF
Building Class
C
Year Built
1930
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.63
Lot Size
0.29 AC
Zoning
C2 - Commercial
Parking
50 Spaces (6.36 Spaces per 1,000 SF Leased)
Frontage
85’ on Central Ave
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 010100-065-045-0001-001-001-0000 | Improvements Assessment | $666,600 |
| Land Assessment | $450,000 | Total Assessment | $1,116,600 |
PROPERTY TAXES
Parcel Number
010100-065-045-0001-001-001-0000
Land Assessment
$450,000
Improvements Assessment
$666,600
Total Assessment
$1,116,600
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