Listed by NAI Platform
$399,000
4 New Scotland Ave, & 103 Dana Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Units 2
Class B
Rare Development Opportunity!
Marketing description
Rare development opportunity to purchase a two family and 2 adjoining lots on one of the busiest corridors in Albany. 2 New Scotland Ave, 4 New Scotland Ave and 103 Dana Ave. Positioned next to the 1 billion dollar Albany
Medical Center expansion and Tri City’s new 268 luxury apartments. Abuts 30 new luxury apartments on Dana Ave. Adjoining property for sale as well. This could be the last available parcel to build on with the possibility ofwrapping the entire corner of New Scotland Ave and Dana Ave.
Investment highlights
- Opportunity to own 3 lots and controlling interest on the last developable block for retail and apartments on New Scotland Ave near Albany Medical Center
- 265 new units from Tri City across the street, 60 new apartments on Dana Avenue, 30 Apartments on Morris Avenue
- New Chipolte, Panera Bread, Bank of America, Baldini’s Restaurant, H&R Block, Stewarts, Starbucks, Walgreens, CVS, SEFCU Bank, Keybank, Hilton Hotel and Recovery Room Restaurant
- Surrounding property owners willing to sell
Listing Contacts
Listed by NAI Platform
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