**BEING SOLD AS PACKAGE WITH 1314 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
|
8/6/2024
|
Year Built
|
1975
|
|
County
|
Albany
|
Additional Details
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| CONSTRUCTION |
Brick |
| HEAT |
Forced Air |
| LOT |
9148 sq ft |
| LOT DIMENSIONS |
9148 sq ft |
| SEWER |
Public Sewer |
| STYLE |
Traditional |
| TAXES |
7497.29 |
| WATER |
Public |
| ZONING |
Commercial |
Location
This listing courtesy of New Scotland Realty
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2024.
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