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1314 Central Avenue

Albany, NY 12205

Active

$925,000

Listing by:
Samantha M Curry
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.

$925,000
0.0
Bedroom
0
Bathroom
1,423
Sq. Ft.
$ 650
$/Sq. Ft.
0.25
Acres
Year Built:
1967
County:
Albany
School District:
South Colonie
Acres:
0.25
Listing Agent:
Samantha M Curry
Listing Office:
New Scotland Realty
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Features

Square Feet: 1,423
Town: Albany
Bedrooms: 0
Full Bathrooms: 0
Estimated Taxes: $5,191
Water: Public
Sewer: Public Sewer
Heat: Forced Air
Garage: 0
Exterior: Brick
Cooling: Central Air
Parking Spaces: 25
Zoning: Mixed

Location