111 Pine St Albany, NY 12207
- Retail properties
- 9,520 SF
- 0.07 lot acres
Current Use by Public Records
- Retail properties
Property Details for 111 Pine St
- Year built
- 1920
- Lot size
- 0.07 lot acres
- Property size
- 9,520 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional mixed-use property at 111 Pine Street in Albany, NY, presents a lucrative investment opportunity. The 9,520 square foot building, constructed in 1920 and situated on a 0.07-acre lot (APN 76.34-3-26), boasts a prime downtown location. The four-story structure is zoned C3 and comprises eleven units, recently renovated with open-concept layouts and high-end finishes. The building's multi-family, office, and retail configuration offers diverse income streams and significant potential for rental growth. The property's strong location in the vibrant heart of Downtown Albany ensures high occupancy rates and consistent demand. This turnkey investment is ready for immediate income generation, offering a solid foundation for portfolio expansion. The property's historical charm is complemented by modern updates, creating a unique and desirable offering. With its versatile layout and strong rental potential, this property represents a compelling opportunity for investors seeking a high-return, low-maintenance investment in a thriving urban center. The asking price is $2,500,000. This is a rare chance to acquire a well-maintained, income-producing asset in a highly sought-after location.
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
- -73.7507
- Latitude
- 42.6506
