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    1859 Western Ave Albany, NY 12203

    For Sale
    Contact for pricing

    0.97-acre lot, versatile space.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property, located at 1859 Western Avenue, Unit 101, in Albany, New York, presents a unique investment opportunity. Situated on a sizable 0.97-acre lot, the property offers significant potential for a variety of commercial ventures. The building's mixed-use designation allows for flexible development and adaptation to suit diverse business needs. The substantial lot size provides ample space for expansion, parking, or outdoor amenities, enhancing the property's overall appeal and functionality. The address, 1859 Western Avenue, Unit 101, places the property in a convenient and accessible location within Albany, offering excellent visibility and proximity to key transportation routes and local amenities. The absence of a listed square footage necessitates an on-site inspection to determine the precise dimensions of the usable space within Unit 101. This presents a chance for prospective buyers to tailor the space to their specific requirements, maximizing its potential value. The property's current asking price is to be determined, providing an opportunity for negotiation and a potentially advantageous purchase. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this versatile property offers. The expansive lot size alone makes this a rare find in the Albany commercial real estate market.

    Property Features for 1859 Western Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    42,253 SF

    Building Details

    Year Built
    2025
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Laviano & Associates Real ... Real Estate Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.87236
    Latitude
    42.69238

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    FAQs

    What type of property is this?
    Mixed-use property - 0.97-acre lot, versatile space.
    Where is this mixed-use property located?
    The property is located at 1859 Western Ave Albany, NY.
    (518) 599-0439
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    Albany, NY 12203
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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
    1859 Western Ave Albany, NY 12203
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