Albany, NY 12207 · Albany County

This 10,085-square-foot mixed-use building, constructed in 1850 and renovated in 2020, occupies a prominent corner location at North Pearl and Columbia Streets in downtown Albany. The four-story structure contains five residential units and two ground-floor retail spaces, all currently leased, with a passenger elevator and forced-air heating and central air. Zoned for mixed-use downtown development, the property benefits from high foot traffic and visibility in Albany's active commercial core. The building is priced at $1,140,000 and sits on 0.07 acres with no homeowner association.
Fully Leased Iconic Downtown Albany Investment Opportunity! Discover +/-10,085 SF of prime mixed-use space at the bustling corner of North Pearl & Columbia Streets. This fully leased four-story historic building--originally constructed in 1850 and thoughtfully renovated in 2020-- features five market-rate apartments and two high-visibility retail storefronts. Zoned MU-DT, the property offers excellent exposure and foot traffic in Albany's vibrant downtown district. Includes a passenger elevator and strong rental history. Offered at $1,190,000 ($118/SF), this is a turnkey asset ideal for investors seeking value, stability, and upside potential in a dynamic urban market.
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Albany is in Albany County, NY. There are currently 256 active listings here, ranging from $12,500 to $10,899,000. Priced 250% above the Albany median of $326,000.
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Carrow Real Estate Services LLC · Listed by Kyle J Bradley (34097)
Contact: 845-325-1568
MLS #202614169 · Source: Global MLS, Inc.
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Every change captured by Global MLS since this listing went live.
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