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Listed by Jennery Pacheco • Miranda Real Estate Group Inc

$ 750,000

Est. payment -/mo

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Active

402 Broadway Albany, NY 12207

4 Baths

3,796 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,796 sqft

Price per Sqft $197

MLS Listing ID 202614896

HOA Y/N No

Year Built 1880

Annual Tax Amount $5,364

Lot Size 1,209 Sqft

Acres 0.03

Lot Dimensions 13X93

Property Sub-Type Mixed Use

Source Global MLS

Property Description

Right in the heart of Downtown Albany, this beautiful brick commercial property is ready for its next owner! This is a true powerhouse investment, offering a prime commercial storefront with two display windows and three rented residential units above. Currently producing $4,250/month with a full rent potential of $6k+/month, this building sits at a solid 8.5% cap rate and is priced to move.

The possibilities for the commercial space are endless - previously used as a successful esthetician's salon and office space, it's a perfect canvas for a boutique, coffee shop, or creative studio. The location is unbeatable: the bus line is right outside the front door, and you're within walking distance to the SUNY building, universities, parking garages, store, restaurants, the Palace Theatre and more.

Don't miss out on a turnkey opportunity in the center of the city. Schedule your showing today!

Location

State NY

County Albany

Zoning Commercial

Direction Broadway and Hudson Ave. Across the street from SUNY Building

Interior

Interior Features Other, Built-in Features, Crown Molding

Heating Forced Air

Flooring Laminate

Inclusions Building Only

Exterior

Exterior Feature Other

Parking Features Secured Garage/Parking, Other

Roof Type Flat

Building

Sewer Public Sewer

Water None

Architectural Style Office, Commercial, Other

New Construction No

Schools

School District Albany

Others

Tax ID 010100 76.42-3-38

Special Listing Condition Standard

NEARBY SCHOOLS & PROPERTIES

Inglenook Realty, Inc.

NYS Licensed Real Estate Brokerage | License ID: 109931319

+1(518) 882-6236

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