Five-Bay Garage with Developable
For Sale
$74,900
38 Second Avenue, Albany, NY 12202
Five-bay garage with one acre of developable land; four bays currently rented on a monthly basis.
Property Size18,730 SF
Lot Size1.00 Acre
Price / SF$3
Days on Market100
Property Features for 38 Second Avenue
General Information
Standard status
Active
Size
18,730 SF
Lot size
1.00 Acre
Property subtype
Land / Mixed Use
Occupancy
80%
Taxes and HOA fees
Annual Taxes
$561
Amenities
Garage(s)
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 727-7493
Listed By:
Leon Levy · License #30LE0983094
(518) 727-7493
Source:
Compass
Added: May 2
Changed: Aug 8
Last Checked: Jul 21 at 6:45PM
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 Berkshire Hathaway Home Services Blake
Investment Insights
Based on property information with market context.
The property includes a driveway serving a five-bay garage and approximately one acre of developable land. Four of the five bays are currently rented on a month-to-month basis, with the owner using one bay for storage.
According to the public remarks, the surrounding area is undergoing revitalization, with the City of Albany investing approximately $177 million in new two-family units nearby.
The garage configuration provides multiple enclosed storage bays with rental income tied to four of the five bays, while maintaining space for the owner’s continued storage use.
According to the public remarks, the surrounding area is undergoing revitalization, with the City of Albany investing approximately $177 million in new two-family units nearby.
The garage configuration provides multiple enclosed storage bays with rental income tied to four of the five bays, while maintaining space for the owner’s continued storage use.
Key Highlights
- Driveway leading to a 5‑bay garage and 1 acre of developable land
- 4 of 5 garage bays are currently rented on a monthly basis
- Current monthly rents range from $50 to $75 per bay (owner uses one bay for storage)
Property Analytics
Current Use
Lease Details
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 12202, NY
10,257
Population
5,434
Households
1.9
Avg Household Size
34
Median Age
33%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
5,129
Density / Sq Mi
$49,684
Median Household Income
$34,656
Median Earnings
$1,012
Median Rent
$139,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Five-bay garage with one acre of developable land; four bays currently rented on a monthly basis.
Where is this self storage facility located?
The property is located at 38 Second Avenue Albany, NY.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: Driveway leading to a 5‑bay garage and 1 acre of developable land; 4 of 5 garage bays are currently rented on a monthly basis; Current monthly rents range from $50 to $75 per bay (owner uses one bay for storage)
