Current Use by Public Records
- The Kindlon Law Firm, PLLC / Law Firm
- D'Alessandro Richard / Law Firm
Property Details for 69 Columbia St
- Property type
- Office Spaces
Description
This well-appointed, recently renovated 2,000 square foot office building presents a fantastic opportunity in Albany's vibrant downtown. Located just half a block from North Pearl Street, this Class C property offers a highly efficient layout ideal for owner-occupancy. The interior features four private offices, a reception area, both large and small conference rooms, and a convenient kitchenette. Two parking spaces are included in the rear lot, a significant advantage in a bustling urban setting. The building boasts exceptionally efficient mechanical systems, resulting in low utility costs, making the total cost of ownership significantly less than comparable leasing options. A lease option is also available at $17.00 per square foot, modified gross, plus utilities and janitorial services, with operating expense escalations after the first year. The asking price for the building is $299,000, translating to $149.50 per square foot. Existing furnishings are negotiable and can be included in the sale. This property offers a compelling combination of affordability, convenience, and modern amenities, making it an attractive investment for both owner-occupiers and investors seeking a strong rental income stream. The property is situated at 69 Columbia Street, Albany, NY 12210.
Value Estimations
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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
- -73.7516
- Latitude
- 42.6525
