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    28-40-50 Colvin Ave Albany, NY 12206

    For Sale
    $4,500,000

    COMMERCIAL - Other - Albany, NY

    Lot size:
    1.62 Acres
    Days on Market:
    97
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 28-40-50 Colvin Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    010100 53.82-1-62
    Parking
    70
    Lot size
    1.62 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Building materials
    Brick
    Architectural style
    Other

    Realty One Group Key (518) 630-5360 [email protected]

    Listing agent Leah A Witko (518) 649-7505 License #10401256547

    Listing date Sep 9, 2025

    Copyright © 2025 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Buildings with Renovated Apartments

    The property at 8-40-50 Colvin Ave features mixed-use buildings, including 14 renovated apartments located in building 50. There are 18 office tenants occupying space in three buildings. The property includes three off-street dedicated parking lots situated at the rear of the buildings. The property is nearly 100% occupied. Its location is near highways. The buildings are constructed of block and brick. New construction is underway next door, and a new Chick-fil-A is located at the corner of Colvin and Central Avenues.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.795846
    Latitude
    42.678697

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with apartments and office spaces near highways.
    Where is this mixed-use property located?
    The property is located at 28-40-50 Colvin Ave Albany, NY.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Nearly 100% occupied, providing immediate income.; - 14 RENOVATED apartments in building 50.; - 18 office tenants dispersed in three buildings.
    (518) 649-7505
    Request Owner's contact information
    28-40-50 Colvin Ave Albany, NY 12206
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    Albany, NY 12206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28-40-50 Colvin Ave Albany, NY 12206
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