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1863 Central Ave
Albany, NY 12205
Retail Property For Lease
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11,180 SF
HIGHLIGHTS
- 11,180± SF free-standing building built for Rite Aid, which operated here for 25+ years
- COR zoning allows broad retail, medical, and service uses
- Great re-tenanting, build-to-suit, or ground lease opportunity in the heart of Colonie
- Prime corner site at Central Avenue and Route 155, a top Capital Region intersection
- High visibility and access with over 60,000 vehicles per day and ample parking
PROPERTY FACTS
| Total Space Available | 11,180 SF | Gross Leasable Area | 11,180 SF |
| Property Type | Retail | Year Built | 1998 |
| Property Subtype | Freestanding |
| Total Space Available | 11,180 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 11,180 SF |
| Year Built | 1998 |
ABOUT THE PROPERTY
Positioned at the signalized intersection of Central Avenue (44,023 VPD) and Route 155 / New Karner Road (16,582 VPD), this high-visibility property sits along one of the Capital Region’s most active commercial corridors. Central Avenue serves as the primary retail and commuter artery connecting Albany, Colonie, and Schenectady, supported by a dense mix of residential neighborhoods, major employers, and a strong daytime population. The site benefits from exceptional exposure, convenient access, and a highly visible corner location with prominent façade and pylon signage opportunities. Surrounded by national and regional retailers, restaurants, and service businesses, this property offers a proven retail environment and outstanding potential for both single-tenant and multi-tenant redevelopment.
- Drive Thru
