Parking Lot with Expansion
For Sale
Contact for pricing
Pending
31-55 Spruce St, Albany, NY 12210
Income-producing parking operation with additional parcels available for paving and site expansion.
Property SizeContact for details
Days on Market142
Property Features for 31-55 Spruce St
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Vanguard-Fine LLC
(518) 862-0861
Listed By:
Steven Lerner · License #NY 10301205876
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 2:34PM
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 Vanguard-Fine LLC
Investment Insights
Based on property information with market context.
This parking property at 31-55 Spruce St includes more than 50 parking spaces, with part of the lot recently paved. Additional parcels are included in the overall site and are ready for paving, creating potential for a total of 55 spaces.
The property currently generates rental income from close to 40 spaces. The 31 Spruce parcel is included and governed by an easement, while a separate 50' x 255' parcel forms part of the broader site. A full site plan is available from LBO.
The property currently generates rental income from close to 40 spaces. The 31 Spruce parcel is included and governed by an easement, while a separate 50' x 255' parcel forms part of the broader site. A full site plan is available from LBO.
Key Highlights
- More than 50 parking spaces, with a portion newly paved
- Additional parcels ready for paving could bring total capacity to 55 spaces
- Rental income currently received from close to 40 spaces
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,269
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Income-producing parking operation with additional parcels available for paving and site expansion.
Where is this parking lot & garage located?
The property is located at 31-55 Spruce St Albany, NY.
What are key features of this property?
This property features: More than 50 parking spaces, with a portion newly paved; Additional parcels ready for paving could bring total capacity to 55 spaces; Rental income currently received from close to 40 spaces
