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    89 Columbia St Albany, NY 12210

    Sponsored
    For Sale
    $846,000

    Prime Albany location, 0.05-acre lot, $846,000.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property, located at 89 Columbia Street, Unit 89 in Albany, New York, presents a compelling investment opportunity. Situated on a conveniently sized 0.05-acre lot, the property offers significant potential for a variety of uses, capitalizing on its prime Albany location. The asking price is $846,000. While the precise square footage is currently unavailable, the property's mixed-use zoning allows for a flexible approach to development and tenant occupancy. This makes it ideal for entrepreneurs seeking a blend of commercial and residential space, or investors looking for a strong return on investment in a thriving urban setting. Albany's vibrant economy and growing population provide a solid foundation for long-term growth and rental income. The property's address places it within easy reach of local amenities, transportation hubs, and key business districts, enhancing its appeal to both tenants and investors. Further due diligence is encouraged to fully assess the property's potential and to determine the optimal use for this versatile asset. Detailed property information, including square footage and zoning specifics, is readily available upon request. This is a rare opportunity to acquire a mixed-use property in a desirable Albany location at a competitive price. Don't miss out on this chance to secure a valuable piece of Albany real estate.

    Property Features for 89 Columbia St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1860
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store 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
    -73.75249
    Latitude
    42.65282

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Albany location, 0.05-acre lot, $846,000.
    Where is this mixed-use property located?
    The property is located at 89 Columbia St Albany, NY.
    What is the asking price?
    The asking price for this property is $846,000.
    (518) 272-4500
    Request Owner's contact information
    89 Columbia St Albany, NY 12210
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    Albany, NY 12210
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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
    89 Columbia St Albany, NY 12210
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