1038 Central AveAlbany, NY 12205

For Sale
$675,000

Free-standing restaurant building, high traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional ±2,012 square foot free-standing retail building is situated on a highly visible corner lot at 1038 Central Avenue (Route 5) in Albany, New York. The property boasts a ±0.33-acre site and offers ample parking with approximately 14 parking spaces. Currently occupied by a Dunkin' Donuts with a drive-through, the lease expires in August 2025, presenting a unique opportunity for investors or owner-operators. The building benefits from substantial foot and vehicle traffic, evidenced by the 26,139 AADT (2023) count. Its strategic location at a traffic light ensures maximum visibility and accessibility. The property's versatility makes it ideal for a variety of uses, including retail, office space, or additional dining concepts. The asking price for this well-positioned property is $675,000. This is a rare opportunity to acquire a prime commercial property in a thriving Albany location. The property's size, location, and existing infrastructure make it an attractive investment prospect with significant potential for future growth and profitability.

Highlights

  • High-traffic corner lot with excellent visibility at a signalized intersection.
  • 0.33-acre site.
  • Ample parking with approximately 14 spaces.
  • High traffic counts, boasting 26,139 AADT (2023).
  • Ideal for retail, office, or restaurant use.
  • Strong pedestrian and vehicular traffic.

Location Insight

City
Albany
County
Albany
State
New York
Latitude
42.685656161359
Longitude
-73.796533906716
1038 Central Ave, Albany, New York

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1038 Central Ave
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