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    263 Pearl St Albany, NY 12202

    Sponsored
    For Sale
    $279,999

    Rare Albany Commercial Lot, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional commercial property, located at 263 S Pearl St Unit 263 in Albany, NY, presents a unique investment opportunity. Situated on a 0.06-acre lot, this "Other" property type offers significant potential for redevelopment or adaptive reuse. The asking price is $279,999. The property's precise square footage is currently unavailable, however, the substantial lot size suggests ample space for a variety of commercial ventures. Its central Albany location provides excellent visibility and accessibility, making it an attractive proposition for businesses seeking a high-traffic area. The property's versatility allows for creative development plans, catering to a wide range of commercial uses. Given the limited availability of commercial land in this desirable location, this property represents a rare chance to acquire a strategically positioned asset with considerable upside. Serious inquiries are encouraged to explore the possibilities this unique offering presents. Further details regarding zoning regulations and potential development options are readily available upon request. This is an exceptional opportunity to secure a prime piece of Albany real estate with significant long-term growth potential. Don't miss out on this chance to acquire a valuable commercial property in a thriving urban setting.

    Property Features for 263 Pearl St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.75684
    Latitude
    42.64224

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    FAQs

    What type of property is this?
    Commercial real estate - Rare Albany Commercial Lot, High Potential
    Where is this commercial real estate located?
    The property is located at 263 Pearl St Albany, NY.
    What is the asking price?
    The asking price for this property is $279,999.
    (888) 276-0630
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    263 Pearl St Albany, NY 12202
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    Albany, NY 12202
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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
    263 Pearl St Albany, NY 12202
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