Mixed-Use Property
New
For Sale
$1,650,000
337 Central Avenue, Albany, NY 12206
Portfolio combines retail, residential, and vacant-land components across Albany’s Central Avenue Business District.
Property Size3,696 SF
Price / SF$446.43
Days on Market5
Property Features for 337 Central Avenue
General Information
Standard status
Active
Size
3,696 SF
Property subtype
Commercial
Additional Details
Cap Rate
10%
Taxes and HOA fees
Annual Taxes
$5,080
Amenities
Central air
Central Air Cooling
Forced Air Heating
Hardwood Flooring
Hot Water Heating
On Street
Rubber Roof
Steam Heating
Tile Flooring
Building Details
Year Built
1900
Listing Agency:
HANNA COMMERCIAL
(518) 458-7000
Listed By:
JESSICA L RICHER · License #10301202070
Source:
Corcoran
Added: Aug 12
Changed: Aug 15
Last Checked: Aug 15 at 8:36AM
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 HANNA COMMERCIAL
Investment Insights
Based on property information with market context.
This mixed-use portfolio brings together five commercial retail units, a 16-room SRO, a three-bedroom apartment, and a vacant lot. The property is associated with 337 Central Avenue and extends across Central Avenue, Quail Street, and Sherman Street in Albany, New York.
The offering carries a stated 10% cap rate and includes both commercial and residential income components alongside undeveloped land. The property’s recorded year built is 1900, providing an established asset history within the Central Avenue Business District. Additional property facts are referenced in an associated factsheet.
The offering carries a stated 10% cap rate and includes both commercial and residential income components alongside undeveloped land. The property’s recorded year built is 1900, providing an established asset history within the Central Avenue Business District. Additional property facts are referenced in an associated factsheet.
Key Highlights
- Five commercial retail units included
- 16‑room SRO included in the portfolio
- Three‑bedroom apartment included
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 43%
McDonald's
Dining
17,748 visits/mo
0.1 miles
Burger King
Dining
11,928 visits/mo
0.3 miles
Exxon
Shops & Services
7,137 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,766 visits/mo
0.4 miles
Sunoco
Shops & Services
5,929 visits/mo
0.0 miles
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
Market
Vacancy Rate% for Retail in Albany, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Portfolio combines retail, residential, and vacant-land components across Albany’s Central Avenue Business District.
Where is this mixed-use property located?
The property is located at 337 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Five commercial retail units included; 16‑room SRO included in the portfolio; Three‑bedroom apartment included
