1225 Central Ave., Albany, NY, 12205

1225 Central Ave. Albany, NY 12205

1225 Central Ave., Albany, NY, 12205
1225 Central Ave., Albany, NY, 12205 1225 Central Ave., Albany, NY, 12205 1225 Central Ave., Albany, NY, 12205
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$349,000
Last Verified:
Sep 17, 2024

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Highlights

  • Motivated Seller
  • +/- .56 Acre Commercial Development Site
  • Zoning: NCOR- Neighborhood Commercial Office Residential District
  • Traffic Count: +/- 27,899 AADT cars/day
  • Frontage: +/-122 of frontage on Central Ave. +/-200 of frontage on Wilson Ave.
  • Access: Proposed access along both Central Ave. and Wilson Ave.

Description

Conceptually planned for (1) a +/- 3,300 SF commercial building, or (2) a +/-10,000 SF, two-story apartment building with up to 10 rental units. Ability to modify the conceptual site plan to accommodate particular uses. Located along an extremely busy section of Central Avenue with close proximity to Wolf Road and Interstate-87.

Site located in the intersection of Central Ave. and Wilson Ave in the Town of Colonie. Directly adjacent to Green's Appliance and Furniture Store.

Building Size: 3300sq ft
Building Class: A
Lot Size: 0.56 acres


Documents

Sale Brochure (L)

Map of 1225 Central Ave., Albany, NY, 12205

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.