1314 Central Avenue

$925,000
Business For Sale - Active
  • Commercial
  • MLS # 202329757
Listing Provided By: New Scotland Realty Samantha M Curry

Property Details

  • Acres: 0.25
  • Building Area: 1,423
  • Town: Colonie
  • Property Type: Commercial
  • School District: South Colonie
  • Estimated Taxes: $5,191
  • Water: Public
  • Sewer: Public Sewer
  • Heat: Forced Air
  • Basement: Finished
  • Exterior: Brick
  • County: Albany
  • Cooling: Central Air
  • Parking Spaces: 25
  • Zoning: Mixed

Remarks

**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.

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Contact an Agent

Contact Daniel Davies

Daniel Davies
NYS Licensed Real Estate Broker GRI, ABR, RSPS,SRS,C2EX
(518) 656-9068
dan@daviesrealty.net

Contact Daniel Davies

Daniel Davies
NYS Licensed Real Estate Broker GRI, ABR, RSPS,SRS,C2EX
(518) 656-9068
dan@daviesrealty.net

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