Albany, NY 12207 · Albany County

This four-story mixed-use building in downtown Albany spans roughly 24,000 square feet on a compact urban lot, zoned for flexible retail and office operations. The first floor and basement currently generate income through a restaurant tenant under lease through February 2029, providing immediate cash flow. Located in New York's capital city, the property sits amid a dynamic urban center known for its cultural institutions, dining scene, and proximity to the Adirondacks. At 33 dollars per square foot, the building presents a commercial investment opportunity in Albany's active downtown district.
For Sale: Prime Mixed-Use Building in Downtown Albany. Seize the opportunity to acquire a ±24,072 square foot, four-story mixed-use building in the heart of Downtown Albany. Zoned Mixed-Use Downtown (MU-DT), this building offers diverse possibilities for retail and office use. 1st floor and basement currently rented to restaurant user for $5,500.00 a month. Lease ends February 28, 2029.
The price signals we can read on this listing today. For a true sense of value against recent Albany sales, Sharon will pull the comparable closings and walk you through them.
Curious whether this home is priced right for the neighborhood?
Ask Sharon for the comps20 facts pulled straight from the MLS listing.
The price signals we can read on this listing today. For a true sense of value against recent Albany sales, Sharon will pull the comparable closings and walk you through them.
Curious whether this home is priced right for the neighborhood?
Ask Sharon for the compsTax estimated at the Albany County rate. Insurance and PMI are estimates. Sharon can connect you with a lender for real numbers.
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Albany is in Albany County, NY. There are currently 264 active listings here, ranging from $12,500 to $10,899,000. Priced 154% above the Albany median of $314,900.
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Vision Real Estate Services LLC · Listed by Tyler Fronte (30529)
Contact: 518-669-7784
MLS #202626095 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.
Real numbers from current MLS data. Not a third-party estimate.





Every change captured by Global MLS since this listing went live.
Public assessment record for the Albany roll · Albany school district · Downtown Row Type (with common wall)
| Year | Assessed value | Full market value | Change |
|---|---|---|---|
| 2025 | $656,000 | $683,333 | +4.2% |
| 2024 | $656,000 | $656,000 | +20.2% |
| 2023 | $386,600 | $545,814 | +12.6% |
| 2022 | $386,600 | $484,947 | +12.3% |
| 2021 | $386,600 | $431,955 |
Assessed and full market values come from the local assessor and lag the market; the tax bill is the assessed value times the town, county and school rates, which the seller’s disclosure will show. STAR and other exemptions are not reflected here.
Outside FEMA-mapped flood hazard areas
This point is not inside any Special Flood Hazard Area or moderate-risk zone on the current FEMA flood map. Flood insurance is optional here and usually inexpensive.
See the official FEMA flood map for this pointSource: FEMA National Flood Hazard Layer, checked 2026-09-14. Zones are drawn by FEMA and can change; an elevation certificate governs insurance.