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Highlights

  • 1.3 acre pad site.
  • Busy RT 5 (Central Ave) corridor.
  • Ready for redevelopment.
  • COR Zoning in Town of Colonie.

LOT Available

Display Rental Rate as

Rental Rate
  • $2.72 CAD/SF/YR
  • $0.23 CAD/SF/MO
  • $153,909 CAD/YR
  • $12,826 CAD/MO
Lease Term Negotiable
Lot Size 1.30 AC

Excellent ground lease opportunity on 1.3 acre pad site. Located on busy Central Ave (Rt 5) corridor appx 1.2 miles west of Rt 155. Property is ready for redevelopment as previous restaurant building has been recently demolished. Site sits between O'Reilly Auto and Dollar General.

Property Overview

This 1.3-acre pad site offers a prime ground lease opportunity along the high-traffic Central Avenue (Route 5) corridor in Albany, NY. Positioned approximately 1.2 miles west of Route 155, the property benefits from strong visibility and accessibility in a well-established commercial corridor. The site has been cleared for redevelopment following the recent demolition of a former restaurant building, providing a clean slate for new construction. Neighboring businesses include O’Reilly Auto Parts and Dollar General, creating a steady flow of consumer traffic and complementary retail synergy. With its strategic location and ready-to-build condition, this property is well-suited for a variety of retail or service-oriented uses seeking a prominent presence in the Albany market.

Property Facts

Total Space Available 1.30 AC
Property Type Land
Property Subtype Commercial
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
  • Listing ID: 39968878

  • Date on Market: 2026-03-31

  • Last Updated:

  • Address: 1933 Central Ave, Albany, NY 12205

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