$274,900
Albany, NY 12207
MLS# 202613937
2 baths | 1008 sqft
1 / 10
Property Description
PRICE REDUCED! Seize this standout opportunity to own a versatile mixed-use property positioned directly across from Tricentennial Park in one of downtown Albany's most walkable corridors. This value-add asset features a high-visibility street-level commercial space with prime pedestrian traffic and picturesque park views--ideal for retail, office, or service use. The current commercial tenant is flexible, offering options for a new lease, business sale, or relocation for an owner-occupant. Upstairs, a one-bedroom residential unit leased through August 2026 provides immediate income, with significant upside as current rents are well below market value. This space also offers the flexibility to serve as a private office or live/work suite. With a roof replaced in August 2020 and immediate access to downtown offices, dining, and transit, this property is a compelling find for investors and owner-occupants alike. Offered AS-IS; buyers to perform own due diligence. Showings by appointment only--please do not disturb tenants.
Details
Maps
Documents
Contract Information
Original List Price: 349900
List Price/SqFt: 272.72
List Price/Acres: 27490000
Status: Active
Property Sub Type: Mixed Use
List Price: $274,900
Listing Contract Date: 2026-03-23
Current Price: $274,900
Location
City/Town (Mail): Albany
Street Number: 54
Street Name: James
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12207
Geo Lat: 42.651825
Geo Lon: -73.750264
Property Detail
Stories: 2
Number Of Buildings: 1
Parking Y/N: No
Lot Size Square Feet: 504
Zoning: Mixed
Lot Size Dimensions: 24.6 X 21.3
Lot Size Acres: 0.01
Building Area Total: 1008
Building Available SQFT: 1008
Land Lease Y/N: No
Year Built: 1910
Bathrooms Total: 2
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 76.34-3-7
Tax Annual Amount: 7046.68
Tax Section: 76.34
Total Taxes Description: Estimated
Tax Block: 3
Tax Lot: 7.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Broadway to Columbia St, left on James St. Property on the Right.
Public Remarks: PRICE REDUCED! Seize this standout opportunity to own a versatile mixed-use property positioned directly across from Tricentennial Park in one of downtown Albany's most walkable corridors. This value-add asset features a high-visibility street-level commercial space with prime pedestrian traffic and picturesque park views--ideal for retail, office, or service use. The current commercial tenant is flexible, offering options for a new lease, business sale, or relocation for an owner-occupant. Upstairs, a one-bedroom residential unit leased through August 2026 provides immediate income, with significant upside as current rents are well below market value. This space also offers the flexibility to serve as a private office or live/work suite. With a roof replaced in August 2020 and immediate access to downtown offices, dining, and transit, this property is a compelling find for investors and owner-occupants alike. Offered AS-IS; buyers to perform own due diligence. Showings by appointment only--please do not disturb tenants.
Sewer
Public Sewer: 1
Current Use
Apartment Plus: 1
Restaurant: 1
Architectural Style
Mixed Use: 1
Electric
Circuit Breakers: 1
Financial Details
General Taxes: 3013.51
General Taxes Description: Estimated
School Taxes: 3972.9
School Taxes Description: Estimated
Cooling
Window Unit(s): 1
Basement
Interior Entry: 1
Unfinished: 1
Lot Features
Road Frontage: 1
Building Detail
Fire Sprinkler System Y/N: No
Office Total SQFT: 504
Retail Total SQFT: 504
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Seller/Landlord
Possession
At Closing: 1
Subject To Tenant Rights: 1
Flooring
Hardwood: 1
Tile: 1
Vinyl: 1
Showing Requirements
Agent to Accompany: 1
Occupied: 1
Showing Service: 1
Special Listing Conditions
Standard: 1
Roof
Flat: 1
Rubber: 1
Water Source
Public: 1
Heating
Baseboard: 1
Electric: 1
Natural Gas: 1
Parking Features
Parking Total: 0
On Street: 1
Public Parking: 1
Possible Use
Business: 1
Mixed: 1
Office Plus: 1
Restaurant: 1
Investment: 1
Sale Includes
Building & Land: 1
Security Features
Carbon Monoxide Detector(s): 1
Closed Circuit Camera(s): 1
Smoke Detector(s): 1
Status Change Info
Status Change Date: 2026-03-26
Property Features
Architectural Style: Mixed Use
Basement: Interior Entry; Unfinished
Construction Materials: Brick
Cooling: Window Unit(s)
Current Use: Apartment Plus; Restaurant
Electric: Circuit Breakers
Flooring: Hardwood; Tile; Vinyl
Heating: Baseboard; Natural Gas
Lot Features: Road Frontage
Parking Features: On Street; Public Parking
Possession: At Closing; Subject To Tenant Rights
Possible Use: Business; Mixed; Office Plus; Restaurant; Investment
Roof: Flat; Rubber
Sale Includes: Building & Land
Security Features: Carbon Monoxide Detector(s); Closed Circuit Camera(s); Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: Agent to Accompany; Occupied; Showing Service
Special Listing Conditions: Standard
Water Source: Public
Tax Bills 
Listing Courtesy of Kellie Kieley Realty LLC
Listing Agent: Brian A Amaral
518-250-9499 | Brian.Amaral1@gmail.com
518-250-9499 | Brian.Amaral1@gmail.com