1314 Central Avenue Colonie NY 12205 MLS #202329757

1314 Central Avenue

Colonie, NY, 12205

$925,000

Beds

0 Baths

1,423 SqFt

0.25 Acres

**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. and the downstairs tenant is paying $1,200/month with annual 2.5% rent increases. 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.

Whatever you envision for these properties, these are primed for a myriad of ventures with high traffic and visibility.

Property Details

Price:

$925,000

MLS #:

202329757

Status:

Active

Beds:

Baths:

Address:

1314 Central Avenue

Type:

Commercial

Subtype:

Retail

City:

Colonie

Listed Date:

Dec 19, 2023

State:

Finished Sq Ft:

1,423

ZIP:

12205

Lot Size:

0 acres

Year Built:

1967

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1314 Central Avenue

Colonie, NY