1166 Western Ave Albany, NY 12203
This exceptional office building, situated at 1166 Western Avenue, Unit 1166 in Albany, New York, presents a compelling investment opportunity. The property boasts a sizable 0.33-acre lot, offering ample space and potential for future development or expansion. The building itself is ideally located in Albany, providing easy access to major transportation routes and a vibrant business community. While the exact square footage is currently unavailable, the substantial lot size and asking price of $865,000 indicate a significant property with considerable potential return on investment. The address, 1166 Western Avenue, Unit 1166, places the building in a strategic location within Albany, offering excellent visibility and accessibility for businesses and employees. This property is well-suited for a variety of office uses, making it an attractive option for both established companies seeking to expand and new ventures looking to establish a strong presence in the Albany market. The 0.33-acre lot provides significant flexibility for future development or expansion, adding further value to this already promising investment. Serious inquiries are encouraged to explore this unique opportunity in the thriving Albany commercial real estate market. Further details regarding the building's interior and specifications are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R3A · Albany, NYAlbany. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.