Listed by Carrow Real Estate Services
$1,140,000
5 Unit Mixed Use Downtown Albany Investment
Details
Property Type Mixed Use
Sub Type Multi-Family
Square Footage 10,085
Units 5
Occupancy 100%
Price per SqFt $113
Year Built 1850
Year Renovated 2020
Buildings 1
Stories 4
Lot Size (SqFt) 3,000
Zoning Mixed-Use Downtown (MU-DT)
Occupancy Date 10/05/2025
Mixed Use | 10,085 SqFt
Marketing description
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.
Listing Contacts
Listed by Carrow Real Estate Services
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