296 Central Avenue

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296 Central Avenue

Albany, NY 12206
Asking Price
Contact for price
Asset Type
Storefront Retail
Class
Class B

AI Property Summary

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

  • Located at 296 Central Avenue in Albany New York
  • Retail storefront spanning 9,300 square feet of space
  • Asset sits within the active Capital Region market
  • Flexible building design suitable for various retail uses
  • Property occupies a prominent local commercial corridor

What's Special

Albany serves as a central economic hub for New York's Capital Region, benefiting from a stable government-anchored economy and steady regional population growth. This 9,300-square-foot retail storefront at 296 Central Avenue sits within this established market, providing high visibility along a major commercial corridor. The building's layout and street-level access make it a practical choice for businesses requiring dedicated retail or showroom space in an urban setting. Prospective buyers have the opportunity to acquire a flexible asset capable of accommodating diverse retail operations or service-based businesses. Its location ensures connectivity to surrounding residential neighborhoods and transit routes, facilitating consistent consumer access. Whether for an owner-user or a long-term commercial investment, this property represents a functional footprint within the Albany metropolitan area.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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