Former Rite Aid
$2,300,000
1863 Central Avenue, Colonie, NY 12205
11,180 sqft
Building Size
1.71 acres
Lot Area
Details:
Highlights:
- 11,180± SF free-standing building built for Rite Aid, a 25-year tenant
- Prime signalized corner at Central Ave (44,023 VPD) and Route 155 (16,582 VPD)
- COR zoning supports a wide range of retail and commercial uses
- High visibility and easy access with ample on-site parking
- Excellent re-tenanting, redevelopment, or ground lease opportunity in Colonie’s top retail corridor
Description:
Offered for sale is an 11,180± SF free-standing retail building, originally constructed in 1998 specifically for Rite Aid, which operated at this location for over 25 years. The property has been well maintained and benefits from COR zoning, allowing a wide range of commercial and retail uses. It sits at the high-traffic, signalized intersection of Central Avenue and Route 155, one of the most active and established retail corridors in the Capital Region.
The site offers excellent visibility, ample parking, and multiple points of access, creating a strong environment for an owner-user, investor, or redevelopment project. Its efficient floor plan and modern infrastructure make it ideal for single-tenant retail, medical, or service-oriented use.
Prime for re-tenanting, redevelopment, or a ground lease, the property’s strategic corner positioning provides outstanding exposure to over 60,000 vehicles per day. With strong surrounding demographics and proximity to major national retailers, this property represents a rare opportunity to acquire a proven retail asset in the heart of Colonie, one of Upstate New York’s most dynamic suburban markets.
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.
1 Space Available
1863 Central Avenue Unknown Sub Type
Documents:
| Title | ||
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| Sale_Brochure__L_.pdf |
Location
Gallery
