147 Orange St Albany, NY 12210
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0.53-acre mixed-use development site
Property Features for 147 Orange St
General Information
- Property type
- Land
- Lot Size
- 23,087 SF
Listing Agency: NAI PLATFORM Listing Agent: Cory Tyksinski
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 0.53-acre assemblage of vacant parcels at 147-163 Orange Street in Albany, NY, presents a compelling investment opportunity. Located in a vibrant downtown area near Monroe Apartments and N Pearl Street, this property is situated within an Opportunity Zone, offering significant tax advantages. The MU-NE zoning permits a medium-density multifamily development, with a conservative estimate of 40 units across three stories. However, the zoning also allows for a diverse range of uses, including retail, office space, a bed and breakfast, community center, cultural center, daycare, park, religious institution, or even a police station. Its strategic location provides convenient access to major highways, enhancing its appeal to both residents and businesses. This prime location, coupled with the flexible zoning and Opportunity Zone designation, makes this property an ideal platform for a variety of development projects. The asking price is $399,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.754465825919
- Latitude
- 42.655924169267
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FAQs
What type of property is this?
Land - 0.53-acre mixed-use development site
Where is this land located?
The property is located at 147 Orange St Albany, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: $399,000 asking price for 0.53 acres of commercial land.; Located in an Opportunity Zone.; Mixed-use zoning (MU-NE) allows for medium-density multifamily development (estimated 40 units), plus retail and other uses.
