1314a Central Avenue
- Commercial
- MLS # 202329756
Property Details
- Acres: 0.21
- Building Area: 3,478
- Town: Colonie
- Property Type: Commercial
- School District: South Colonie
- Estimated Taxes: $7,506
- 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
Daniel Davies
NYS Licensed Real Estate Broker GRI, ABR, RSPS,SRS,C2EX
(518) 656-9068
dan@daviesrealty.net
Daniel Davies
NYS Licensed Real Estate Broker GRI, ABR, RSPS,SRS,C2EX
(518) 656-9068
dan@daviesrealty.net
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