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261 New Scotland Avenue Albany, NY 12208

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For Sale
$499,800

Mixed-use property with apartments and restaurant near Albany Med.

Type:Commercial
Property size:
3,720 SF
Added:
Apr 6, 2026
Days on Market:
12
Last Refresh:
Apr 8 at 8:11 pm

Property Features for 261 New Scotland Avenue

General Information

Standard status
Active
Size
3,720 SF
Property subtype
Commercial

Building Details

Year Built
1950

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Listing Contact
DANIEL GREBERT

Listing agent DANIEL GREBERT License #10401371037

Listing office GUCCIARDO REAL ESTATE LLC

Listing date Apr 6, 2026

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of GUCCIARDO REAL ESTATE LLC


Overview

Mixed-Use Building on New Scotland

This mixed-use property is located on New Scotland Avenue in Albany. The property includes four occupied apartments: one studio and three one-bedroom units. The street-level space is occupied by a restaurant. The property is within walking distance of St. Peter's Hospital, Albany Med, Sage Colleges, and Albany Law School. A driveway is located on Grove Avenue. The studio apartment rents for $475, the second-floor one-bedroom apartments rent for $875 and $925, and the first-floor one-bedroom apartment rents for $725. All units are metered separately for electric heat. The first-floor apartment will be vacant upon closing. The property size is 3,720 square feet.
Location Intelligence

Current Use by Public Records

Tipsy Moose Albany Restaurant ATM (New Scotland ... Atm

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Albany
County
Albany
State
New York
Longitude
-73.7868607
Latitude
42.6532925

FAQs

What type of property is this?
Mixed-use property - Mixed-use property with apartments and restaurant near Albany Med.
Where is this mixed-use property located?
The property is located at 261 New Scotland Avenue Albany, NY.
What is the asking price?
The asking price for this property is $499,800.
What are key features of this property?
This property features: Mixed‑use property featuring residential apartments and a restaurant space.; Prime location on New Scotland Ave, WALKING DISTANCE TO MAJOR INSTITUTIONS.; Four occupied apartments providing IMMEDIATE RENTAL INCOME.
More about this property
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