Property summary
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
VerifiedCap rate & NOI
Current use
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Church
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Church
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
R2B · Albany, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R2B in Albany, NY.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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