Description

Prime commercial location on Albany’s Central Avenue! This spot is highly visible and accessible, with its own parking and plenty of traffic. Central Avenue is its very own dedicated Business Improvement District, so your business can count on this traffic for years to come.

Central Avenue Statistics:

• Approximate Vehicles Per Day: 30,800
• I-90 Exit 5 Approximate Vehicles Per Day: 100,900
• 2010 Albany Population: 97,856
• Growth since 2000: 3.6%

Central Avenue serves as Albany’s main street, and is easily accessed from virtually any street or avenue, and especially from Interstates 787, 90, and 87, and Routes 9, 2, 5, and 7. The entire Capital District’s strong network of highways contributes to its growth and popularity, just as this location here on Central certainly benefits from the highly travelled Interstate 90 being accessible within just a mile. The Capital District Transportation Authority (CDTA) has bus routes throughout the city and stops at regular intervals, one of them being just a half of a block down at the corner of Central and Robin Street.

Central Avenue in particular is part of intense efforts to modernize, improve, and beautify with the ultimate goal of making this integral part of Downtown Albany a desireable place to visit, live, and conduct business. The avenue and its residents, employees, and business owners have been enjoying the ongoing stage of redevelopment with the Central Business Improvement District’s (BID) leadership and strategies in place since 1998. The BID takes an active role in the economic development in the area, as well as in the promotion and marketing of its businesses and service providers. The District has also worked very hard toward creating a clean and aesthetically-pleasing streetscape, and therefore has helped bring businesses into the area at a rapid pace. In fact, in early 2011 the BID reported that Central Avenue has hit its lowest vacancy rate in 13 years. At the time of that report there were 509 storefronts with only 21 unfilled, a 4.2% vacancy rate.

The immediate area is an urban mix of retail/apartment mixed-use buildings, service providers, and offices. Businesses operating here include banks, convenience stores, attorneys, laundromats, auto sales lots, and combination furniture/electronic/appliance stores like the Aaron’s here at 233 Central.

Westgate Plaza, just over a mile east on the Avenue, is the first walkable, suburban style shopping plaza in Downtown Albany and is also the largest, with 203,500 square feet of retail space. Popular regionally and nationally-known tenants operating here include Price Chopper, Sallie Mae Beauty Supply, Dean’s Natural Foods, Payless Shoes, Rent-A-Center, Rite Aid, and The UPS Store.

Some notable institutions in the surrounding area include Albany Medical Center, major employer of approximately 7,000 people, the Downtown Campus for the State University at Albany (total enrollment of over 13,000), The College of Saint Rose (enrollment of over 3,000 students), and The Sage Colleges (just under 1,000).

Property Highlights:

• Four attached, two-story row buildings in the heart of Downtown Albany
• 140 feet of frontage along heavily-travelled Central Avenue, with 141 feet of frontage along back of building on Sherman Street
• 16,000 square feet net rentable space
• Brick and vinyl siding
• Close to major highways and accessible from avenues and streets throughout the city
• Paved parking lot for 25+/- cars
• Large retail/showroom space, 4,000 square feet with attached office and conference room, 90 square feet each
• 2nd floor storage area, 1,800 square feet
• Upper level offices, 2,000 square feet each, with painted sheetrock, a private 180 SF office looking over Central Avenue, bathroom, 500 SF reception area, and large private office with 400 SF, wetbar, and 3-fixture restroom
• Unfinished basement area, 900 square feet
• Additional 12,000 square foot retail space at rear, with two restrooms, 80 SF each, and break room 150 SF
• Attached additional 2,200 SF storage area and 80 SF utility room in basement
• Entire first floor renovated in 2006 (paint, flooring, partitioning, etc.) and decorative lighting recently installed
• Roof-mounted heating/cooling unit on roof for first floor retail, installed in 2005

As previously mentioned, the Central Business Improvement District welcomes and promotes a steady flow of both new and established businesses as they open their doors here on Central Avenue. Examples of recent ribbon-cutting ceremonies celebrated on BID’s blog include:

• August 11, 2011 the blog reported that Subway opened #34,911 at 202 Washington Ave., the corner of Washington, Lark, and Central



• Harlem’s Flow opened at 111 Central Avenue at the beginning of 2011, offering men’s and women’s urban-style clothing inspired by upscale, inner-city fashions



• Linstead Market and Island Café, a Carribean-inspired specialty shop and dining establishment, moved to 109 Central after 15 years on Lexington Avenue for a boost in business

This spot on Albany’s most happening street has tremendous potential! Great neighbors, super spacious, and located within a respectable Business Improvement District!