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    28-40-50 Colvin Ave Albany, NY 12206

    For Sale
    $4,500,000

    Commercial Building, Low-rise - Albany, NY

    Lot size:
    1.62 Acres
    Days on Market:
    98
    Last Refresh:
    Dec 15 at 5:06 am

    Property Features for 28-40-50 Colvin Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Lot size
    1.62 Acres

    Building Details

    Floors in Building
    3
    Architectural style
    Other

    REALTY ONE GROUP KEY (518) 630-0360

    Listing agent Leah Witko (518) 630-0360

    Listing date Sep 9, 2025

    MLS# 11545845 Listing URL

    Copyright © 2025 My State MLS. 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 in Albany, NY

    The property at 28-40-50 Colvin Avenue in Albany, NY, consists of mixed-use buildings. Building 50 contains 14 renovated apartments. The three buildings house 18 office tenants. There are three off-street dedicated parking lots located in the rear of the buildings. The property is nearly 100% occupied and is located near highways. The buildings are constructed of block and brick. The lot size is 1.62 acres. New construction is underway next door, and a new Chick-fil-A is located at the corner of Colvin and Central Avenues.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -73.796242
    Latitude
    42.678646

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use buildings 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, presenting a strong investment opportunity.; - 14 Renovated Apartments offer modern living spaces.; - 18 Office Tenants provide a diverse income stream.
    (518) 630-0360
    Request Owner's contact information
    28-40-50 Colvin Ave 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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