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    22 Clinton Ave Albany, NY 12207

    Sponsored
    For Sale
    $2,890,000

    Prime Albany location, 16,966 SF, high-end finishes.

    Property size:
    16,966 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A mixed-use building, located in the heart of downtown Albany, NY, presents a unique investment opportunity. Situated directly across from the Palace Theater, this three-story property, plus a finished basement, encompasses approximately 16,966 square feet on a 0.21-acre lot. The building comprises two parcels, 22 and 24 Clinton Avenue, and boasts 18 on-site surface parking spaces. The first floor features a former restaurant space, retaining its original infrastructure, ideal for a new culinary venture. The upper two floors house recently renovated Class A office space, currently occupied by a law firm, showcasing high-end finishes and a modern aesthetic. The building includes a passenger elevator and is fully ADA accessible. Its excellent condition and meticulous maintenance are evident throughout. Key features include a sprinkler system and ample parking. This property offers a blend of retail and office space in a vibrant, high-traffic area, surrounded by hotels and entertainment venues, making it an attractive investment for both owner-occupiers and investors seeking strong rental income. The building is also available for lease.

    Property Features for 22 Clinton Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    16,966 SF
    Class
    A
    Lot Size
    9,148 SF

    Building Details

    Stories
    3

    HighLights

    • Class A mixed‑use building with office and retail space.
    • Downtown Albany location.
    • Across from the Palace Theatre.
    • Ground floor features a former Brown Derby restaurant space.
    • Upper floors offer beautifully renovated Class A office space.
    • Abundant nearby hotels and entertainment venues.
    Property Profile Location Intelligence

    Current Use by Public Records

    Maguire Cardona, PC, ... Law Firm

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7508861
    Latitude
    42.6544088

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Albany location, 16,966 SF, high-end finishes.
    Where is this office property / space located?
    The property is located at 22 Clinton Ave Albany, NY.
    What is the asking price?
    The asking price for this property is $2,890,000.
    What are key features of this property?
    This property features: Class A mixed-use building with office and retail space.; Downtown Albany location.; Across from the Palace Theatre.
    Request Owner's contact information
    22 Clinton Ave Albany, NY 12207
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    Albany, NY 12207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22 Clinton Ave Albany, NY 12207
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