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368 Central Ave 16,420 SF Retail Building Albany, NY 12206 $2,450,000 ($149.21/SF)
Investment Highlights
- Established business, FF & E and Inventory and real estate for sale
- Sale includes real estate and owner will consider lease option with option to purchase
- 14 overhead doors; 2 gated parking lots
- Successful business with over 4,000 accounts
- 16,420 total SF; 13,290 SF warehouse, 1,050 office & 2,080 SF retail
- In Albany located near I-90 and I-787
Executive Summary
Once in a life time opportunity to purchase Watkins Spring Co., Inc, an established business with over 100 years of experience providing heavy duty truck suspension services in the Capital District. This is a niche business with over 4000 accounts and a highly respected reputation in the industry. Sale includes real estate, business, good will, FF & E and inventory. Owner will consider lease of property with option to purchase.
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Auto Repair
Building Size
16,420 SF
Building Class
C
Year Built
1984
Price
$2,450,000
Price Per SF
$149.21
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.86 AC
Zoning
MU-FC
Parking
25 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
241’ on Central Avenue
Amenities
- Fenced Lot
- Signage
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 010100-065-054-0001-018-000-0000 | Improvements Assessment | $327,000 (2024) |
| Land Assessment | $342,000 (2024) | Total Assessment | $669,000 (2024) |
Property Taxes
Parcel Number
010100-065-054-0001-018-000-0000
Land Assessment
$342,000 (2024)
Improvements Assessment
$327,000 (2024)
Total Assessment
$669,000 (2024)
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368 Central Ave
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