$425,000
Albany, NY 12206
MLS# 202511880
Status: Closed
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Property Description
Great investment opportunity for those with a vision. Prime location with tons of visibility. Store front on the first floor was the home of a former restaurant. All kitchen equipment is included in the sale. Second floor contains two residential, 1 bedroom units. Each has been rented with long term tenants, both are month-to-month. Rents are below market value with room to grow. Schedule your showing today!
Details
Maps
Contract Information
Original List Price: 499000
Lease Considered: No
List Price/Acres: 23250000
Sold Price/Acres: 21250000
Status: Closed
Property Sub Type: Mixed Use
Sold Price: $425,000
Listing Contract Date: 2025-02-10
Current Price: $425,000
Location
City/Town (Mail): Albany
Cross Street: N Lake Ave
Street Number: 260
Street Name: Central
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12206
Geo Lat: 42.663638
Geo Lon: -73.771575
Property Detail
Lot Size Square Feet: 1008
Zoning: Commercial
Lot Size Dimensions: 21.6 X 48.7
Lot Size Acres: 0.02
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 65.54-1-52
Tax Annual Amount: 7446
Tax Section: 65.54
Total Taxes Description: Actual
Tax Block: 1
Tax Lot: 52.000
Directions & Remarks
Directions: From Central Ave going west, building is on the left, at the corner of Central Ave and N. Lake Ave.
Public Remarks: Great investment opportunity for those with a vision. Prime location with tons of visibility. Store front on the first floor was the home of a former restaurant. All kitchen equipment is included in the sale. Second floor contains two residential, 1 bedroom units. Each has been rented with long term tenants, both are month-to-month. Rents are below market value with room to grow. Schedule your showing today!
Sewer
Public Sewer: 1
Architectural Style
Apartments: 1
Mixed Use: 1
Restaurant: 1
Financial Details
General Taxes: 3168
General Taxes Description: Actual
School Taxes: 4279
School Taxes Description: Actual
Cooling
Central Air: 1
Window Unit(s): 1
Basement
Full: 1
Unfinished: 1
Construction Materials
Brick: 1
Wood Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Showing Requirements
Occupied: 1
Sign on Property: 1
Other: 1
Water Source
Public: 1
Heating
Natural Gas: 1
Parking Features
Parking Total: 0
Sale Includes
Building & Land: 1
Other: 1
Status Change Info
Status Change Date: 2025-10-10
Under Contract Date: 2025-08-17
Sold Date: 2025-10-10
Sold Price: $425,000
Property Features
Architectural Style: Apartments; Mixed Use; Restaurant
Basement: Full; Unfinished
Construction Materials: Brick; Wood Siding
Cooling: Central Air; Window Unit(s)
Heating: Natural Gas
Possession: At Closing
Sale Includes: Building & Land; Other
Sewer: Public Sewer
Showing Requirements: Occupied; Sign on Property; Other
Water Source: Public
Listing Courtesy of Howard Hanna Capital Inc
Listing Agent: Victor E Franco Jr
518-506-4589 | victorfranco@howardhanna.com
518-506-4589 | victorfranco@howardhanna.com
