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Albany, NY 12207 · Albany County
PRICE REDUCED BY $50,000! Seize this standout opportunity to own a versatile mixed-use property positioned directly across from Tricentennial Park in one of downtown Albany's most walkable corridors. This value-add asset features a high-visibility street-level commercial space with prime pedestrian traffic and picturesque park views--ideal for retail, office, or service use. The current commercial tenant is flexible, offering options for a new lease, business sale, or relocation for an owner-occupant. Upstairs, a one-bedroom residential unit leased through August 2026 provides immediate income, with significant upside as current rents are well below market value. This space also offers the flexibility to serve as a private office or live/work suite. With a roof replaced in August 2020 and immediate access to downtown offices, dining, and transit, this property is a compelling find for investors and owner-occupants alike. Offered AS-IS; buyers to perform own due diligence. Showings by appointment only--please do not disturb tenants.
Albany is in Albany County, NY. There are currently 183 active listings here, ranging from $15,600 to $8,000,000. Listings in this address fall under the Albany school district. Priced 8% below the Albany median of $325,000.
See Sharon's Albany community guide23 facts about this property
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Sharon represents buyers for this property. Your tour, offer, and inquiries go through her, not the listing brokerage.
Kellie Kieley Realty LLC · Listed by Brian A Amaral (30357)
Contact: 518-250-9499
MLS #202613937 · Source: Global MLS, Inc.
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Real numbers from current MLS data. Not a third-party estimate.
Activity across 3 MLS listings of this property.
