2056 Central Ave

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2056 Central Ave

Albany, NY 12205
Asking Price
$2.50M
Asset Type
Auto Shop Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail auto shop asset spanning 9,247 square feet of space.
  • Property is positioned for purchase at $2,499,000.
  • Located on Central Avenue in the Albany market of New York.
  • Structure supports automotive service use or general retail conversion options.
  • Situated in a well-trafficked commercial corridor within the 12205 ZIP code.

What's Special

Automotive service operations are well-suited for this 9,247-square-foot retail property situated on Central Avenue in Albany, New York. The facility provides functional infrastructure for a specialized shop or vehicle maintenance business looking for a presence in a primary commercial corridor. Its location within the 12205 ZIP code places it in a robust retail submarket, benefiting from consistent local traffic and proximity to the diverse economic drivers of the Capital District. Investors and business owners will find this asset positioned to capture demand from the surrounding suburban and urban residential base. The property offers substantial interior volume, making it versatile for various retail configurations beyond its current auto-focused utility. Given the area's ongoing commercial activity, the site serves as a practical acquisition for those seeking an established footprint in a highly accessible part of Albany. This location maintains strong connectivity to major regional transit routes, supporting reliable access for customers and logistics alike.

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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,363.688
Annual Cash Flow
$-68,364.262

Location & Travel Times