4 Dana Ave Albany, NY 12208
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 4 Dana Ave
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a rare chance to acquire three contiguous lots totaling 4 New Scotland Ave, and 103 Dana Ave in Albany, NY. The property includes a two-family apartment building, offering immediate income potential. Its strategic location on a busy Albany corridor places it adjacent to the billion-dollar Albany Medical Center expansion and Tri City's new 268 luxury apartments, as well as 30 new luxury apartments on Dana Avenue. The site benefits from exceptional visibility and proximity to a wealth of established businesses, including Chipotle, Panera Bread, Bank of America, Baldini's Restaurant, H&R Block, Stewarts, Starbucks, Walgreens, CVS, SEFCU Bank, Keybank, a Hilton Hotel, and the Recovery Room Restaurant. This presents a unique chance to develop a substantial retail and/or apartment complex, potentially wrapping the entire corner of New Scotland Ave and Dana Ave. The asking price is $299,000, and there's potential for acquiring additional adjoining properties. This could be the last available developable parcel in this high-demand area. The property's location within a rapidly growing neighborhood, coupled with its significant size and potential for expansion, makes it an exceptional investment opportunity with significant long-term growth prospects.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7723
- Latitude
- 42.6545
