Property profile

281 Washington Ave Albany, NY 12206

OFF-MARKET
Parking lots & garages
Property ID
US63-0114382
0.03 ac lot
Individually Owned 21-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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 profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.03 ac (1,300 SF)
Zoning code R2B
APN 010100 65.71-3-34
UPID US63-0114382

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • Church

Location

281 Washington Ave Albany, NY 12206-3012
Albany metro Census 800 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2005
1 recorded transaction
2005
$118,000

Zoning & alternative use

R2B · Albany, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 281 Washington Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
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