581 Central AveAlbany, NY 12206

This exceptional retail opportunity is located at 581 Central Ave in the heart of downtown Albany, NY, zip code 12206. The property boasts a prime location at a traffic signal, ensuring high visibility and accessibility for potential customers. The space is categorized as a multi-tenant property, offering flexibility for various retail uses, including grocery stores, storefronts, and shopping center components. The total square footage is adaptable, ranging from 4,000 to 8,000 square feet, providing options for businesses of different sizes. Currently, the occupancy rate stands at 50%, presenting a chance to acquire a partially occupied property with immediate income potential and the opportunity to lease the remaining space. The lease structure is a triple net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance, minimizing the landlord's operational expenses. This property is ideal for investors seeking a strong return on investment in a vibrant downtown location with high foot traffic and excellent visibility. The property's address is easily accessible and benefits from its strategic placement at a traffic signal. This presents a unique opportunity to establish or expand a retail business in a thriving urban environment.