Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    281 Washington Ave Albany, NY 12206

    Sponsored
    For Sale
    $489,000

    Prime Albany location, 0.03-acre lot, $489,000.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property, situated at 281 Washington Avenue, Unit 281 in Albany, New York, presents a compelling investment opportunity. The property encompasses a 0.03-acre lot, offering significant potential for a variety of uses given its prime location within the vibrant city of Albany. The asking price is $489,000. While the precise square footage is currently unavailable, the property's size and location suggest a strong return on investment. The mixed-use zoning allows for flexibility in development and tenant occupancy, making it suitable for a range of commercial and residential applications. This presents a unique chance to acquire a strategically positioned asset in a growing urban area. Further due diligence is encouraged to fully assess the property's potential and to determine the precise square footage and allowable uses under current zoning regulations. The property's address is easily accessible and benefits from excellent visibility, making it an attractive proposition for businesses seeking a high-traffic location. Serious inquiries are welcome to explore this promising investment opportunity further. Detailed property information, including zoning details and potential use cases, is available upon request. This is a rare chance to acquire a well-situated mixed-use property in a thriving New York city.

    Property Features for 281 Washington Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    1,307 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Russian Church of Albany Protestant Church Albany Ghanaian Seventh-Day ... Seventh-Day Adventist Church

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.76612
    Latitude
    42.65857

    Nearby Similar for Sale

    • $2,800,000
      10,000 SF

      Albany Mixed-Use Investment Opportunity

      Four buildings with a bar, apartments, and commercial space.
      162-168 Jeffferson St, Albany, NY 12210
      View Details
    • $324,900
      Pending

      Albany Two-Family Home with Parking

      Well-maintained two-family home near Albany Medical Center with parking.
      685 Myrtle Ave, Albany, NY 12208
      View Details
    • $1,300,000
      0.51 Acres

      Versatile Commercial Property on Central Avenue

      43,520 sq ft commercial property with diverse spaces and parking.
      233 Central Ave, Albany, NY 12206
      View Details
    • $830,000
      3,438 SF

      Corner Multifamily Property Overlooking Park

      Six units across three buildings near downtown Albany.
      70 Willett St, Albany, NY 12210
      View Details
    • $369,000
      1,312 SF

      Mixed-Use Property in Colonie, NY

      Versatile mixed-use property with new roof and convenient location.
      34 Russell Rd, Colonie, NY 12205
      View Details
    • $535,000
      3,272 SF

      Renovated Albany Commercial Building For Sale

      Turn-key restaurant and apartment near Capital building with parking.
      165 Madison Avenue Ext, Albany, NY 12202
      View Details
    • $1,450,000
      12,000 SF

      Freestanding Building on Central Avenue

      12000 SF commercial building with high traffic and visibility.
      1735 Central Ave, Colonie, NY 12205
      View Details
    • New
      $380,000
      2,042 SF

      Renovated Albany Duplex with Garage

      Renovated Albany duplex with separate utilities, garage, and large lot.
      212 Ontario St, Albany, NY 12203
      View Details
    • New
      $574,900
      Pending

      Albany Multifamily Investment Opportunity

      Six-unit Albany property with income potential in a quiet neighborhood.
      42 Ten Eyck Ave, Albany, NY 12209
      View Details
    • $325,000
      Pending

      Albany Multifamily Investment Opportunity

      Four-unit property with long-term tenants and garage near downtown Albany.
      128 Hamilton St, Albany, NY 12207
      View Details
    • $535,000
      3,272 SF

      Albany Mixed-Use Turnkey Restaurant/Apartment

      Renovated mixed-use property with restaurant, apartment, and parking.
      165 Madison Avenue Ext, Albany, NY 12202
      View Details
    • New
      $299,900
      Pending

      Well-Maintained Two-Family Home

      Two spacious units near Albany Medical Center, ideal for investors.
      687 Myrtle Ave, Albany, NY 12208
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime Albany location, 0.03-acre lot, $489,000.
    Where is this mixed-use property located?
    The property is located at 281 Washington Ave Albany, NY.
    What is the asking price?
    The asking price for this property is $489,000.
    (888) 276-0630
    Request Owner's contact information
    281 Washington Ave Albany, NY 12206
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    281 Washington Ave
    Albany, NY 12206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    281 Washington Ave Albany, NY 12206
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.