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Listed by Hassan Khan • The People's Real Estate Group

$ 899,900

Est. payment -/mo

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Active

83 Central Avenue Albany, NY 12206

17,464 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 17,464 sqft

Price per Sqft $51

MLS Listing ID 202623554

Year Built 1890

Annual Tax Amount $13,641

Lot Size 6,560 Sqft

Acres 0.15

Lot Dimensions 41X160

Property Sub-Type Mixed Use

Source Global MLS

Property Description

A rare, exceptional investment opportunity on Central Avenue, Albany's historic main commercial artery, stretching from near downtown Albany out toward Schenectady. This mixed-use building sits on a dense urban retail corridor with steady drive-by and foot traffic, offering the kind of diversified, multi-income-stream asset that's hard to find fully stabilized and available at once. Two ground-floor storefronts anchor the property, both currently leased, a thriving smoothie shop and an established mobile phone retailer, delivering strong, proven retail income from day one. A private entrance leads to four fully rented apartments in a mix of 1, 2, and 3-bedroom layouts, adding stable, diversified residential cash flow that balances the commercial income and reduces overall vacancy risk. At the rear of the building, a leased warehouse is accessed via two private garages, and here's where this deal separates itself from the pack: there's untapped square footage with the potential to be built out into an additional income-producing unit, or even converted into self-storage, giving an investor a clear, low-cost path to force appreciation and boost returns well beyond current in-place income. Opportunities like this, fully leased, diversified, and positioned for upside, don't sit on the market long. Schedule your showing today.

Location

State NY

County Albany

Zoning Commercial

Direction From I-90, take Exit 6 for US-9/Henry Johnson Boulevard toward Arbor Hill. Continue south on Henry Johnson Boulevard, turn right onto Central Avenue, and proceed to 83 Central Avenue

Interior

Interior Features High Speed Internet, Built-in Features

Heating Baseboard, Forced Air, Natural Gas

Flooring Tile, Vinyl, Wood, Carpet

Inclusions Building Only

Exterior

Parking Features Storage

Building

Lot Description Level

Sewer Public Sewer

Water Public

Architectural Style Office, Commercial

New Construction No

Others

Tax ID 010100 65.72-3-70

Samantha Kettlewood

NYS Licensed Real Estate Salesperson

+1(518) 810-9013 | sam@empirerealestatefirm.com

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