1611 Western Ave - Bank FOR SALE


Albany, NY 12203- Westmere/N Bethlehem
$277,778 USD
332-345-2408
1611 Western Ave, Albany, NY for Sale
$277,778 USD
Bank - FOR SALE
1/2
null | 9% Cap Rate

1611 Western Ave
Albany, NY 12203
Westmere/N Bethlehem


HIGHLIGHTS

  • Triple Net Lease with No Landlord Responsibilities
  • Newly Signed 5-Year Lease
  • Corporate Guarantee by Bank of America

OVERVIEW

Surmount is pleased to present the exclusive listing for a Bank of America located at 1611 Western Avenue, Albany, New York 12203. The site consists of roughly 80 rentable square feet of building space on an estimated 0.28-acre parcel of land. This Bank of America is subject to a 5-year Triple Net (NNN) lease, which commenced 10/1/2025. The current annual rent is $25,000 and has scheduled increases of 10.00% In Options.

FOR SALE DETAILS

PRICE

$277,778 USD

PRICE/SF

$3,472 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

LB

APN/PARCEL ID

013089-052-014-0003-018-000-0000

ASK ABOUT THIS PROPERTY

Stewart HickeySurmountMore Info
332-345-2408

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Stewart HickeySurmountMore Info
332-345-2408

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.