**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.
Property Type(s):
Commercial
|
Last Updated
|
12/19/2023
|
Year Built
|
1975
|
|
County
|
Albany
|
SCHOOLS
| High School |
Colonie Central HS |
Additional Details
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Finished, Yes |
| BUYER'S BROKERAGE COMPENSATION |
2.00 |
| CONSTRUCTION |
Brick |
| HEAT |
Forced Air |
| LOT |
9148 sq ft |
| LOT DIMENSIONS |
58x151 |
| SEWER |
Public Sewer |
| TAXES |
7506.29 |
| WATER |
Public |
| ZONING |
Mixed |
Location
This listing courtesy of New Scotland Realty
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2024.
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email