526 Central Avenue
Rare Development Site Available
The area located around 526-524 is a bustling hub of residential, commercial and neighborhood traffic. The site is well positioned at the crossroad of significant intersections. The area has strong pedestrian counts and high volume automotive traffic feed by the convergence of significant roads like Clinton Avenue, Central Avenue & Manning Blvd as well as nearby North Main Avenue. To the North, there are tree lined walkable neighborhoods. To the East and West at the foot of the site, is the very heavily traveled Central Avenue Commercial corridor. This property is positioned the middle section of a three mile stretch of Central Avenue. This busy commercial corridor area is comprised of over 450 businesses; over 3 million transits riders, and has a very high daily vehicular traffic. Among shoppers surveyed by the Business Improvement District in that area, those who are attracted to Central Avenue for daily convenience goods and needs at food stores, and pharmacies, purchases averaged over $50.00 per trip.
The site is also well positioned on what is considered the preferred high count AM traffic side of Central Avenue. Noteworthy are the numbers of downtown office workers and their subsequent visitors who provide a steady flow of vehicles throughout the daily commute in and out of the city. The site is also proximal to nearby SUNY Downtown campus and the College of St. Rose and other large nearby institutions. The site is well suited for retail, mixed use, professional office, medical, hotel, shopping plazas, and service centers.
There is good access to the interstate which increases the overall marketability of the subject property. The environmental, economic, social, and government forces are considered favorable in the neighborhood and the continued demand for commercial use is positive. READ MORE
