Mixed-Use Portfolio with Retail
New
For Sale
$1,650,000
337 Central Avenue, Albany, NY 12206
COMMERCIAL - Other - Albany, NY
Property Size3,696 SF
Lot Size0.04 Acres
Price / SF$446.43
Days on Market4
Property Features for 337 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Parking features
On Street
Basement
Unfinished
Elementary school
Philip J. Schuyler Achievement
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
90 East to exit 5 Everett Road. Turn left onto Central Avenue. Building located 1.1 miles on left.
Standard status
Active
APN
010100 65.54-5-67
Size
3,696 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5081
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Steam, Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Rubber
Architectural style
Other
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Jessica L Richer · License #10301202070
(518) 364-7406
Added: Aug 10
Changed: Aug 12
Last Checked: Aug 13 at 2:06PM
MLS# 202623796
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use portfolio combines five commercial retail units, a 16-room SRO, a three-bedroom apartment, and a vacant lot. The reported property size is 3,696 square feet on 0.04 acres. Improvements date to 1900 and feature brick construction, hardwood and tile flooring, rubber roofing, and a combination of forced-air, steam, and hot-water heating. Central air conditioning is also present.
The properties are positioned along Central Avenue, Quail Street, and Sherman Street in Albany’s Central Avenue Business District. Public water and sewer serve the property, while parking is available on the street. The portfolio is reported at a 10% cap rate.
The properties are positioned along Central Avenue, Quail Street, and Sherman Street in Albany’s Central Avenue Business District. Public water and sewer serve the property, while parking is available on the street. The portfolio is reported at a 10% cap rate.
Key Highlights
- Five commercial retail units included
- 16‑room SRO and 3‑bedroom apartment
- 3,696 square feet on 0.04 acres
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-component commercial property with retail, residential, and lodging elements in 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 and 3‑bedroom apartment; 3,696 square feet on 0.04 acres
