22 Clinton AveAlbany, NY 12207

Property Details for 22 Clinton Ave

Year built

1927

Lot size

0.19 AC

Property size (Sq ft)

11,832 SF

Zone code

C3

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

010100 76.26-1-27

APU

101007626127

Description

This exceptional mixed-use property, located at 22 Clinton Avenue, Unit 22, in the vibrant city of Albany, New York, presents a compelling investment opportunity. Situated on a sizable 0.21-acre lot, this property offers significant potential for a variety of uses, catering to both commercial and residential needs. The asking price is $2,290,000. While the precise square footage is currently unavailable, the substantial lot size and mixed-use zoning suggest ample space for development or expansion. Albany's thriving economy and strategic location within New York State make this an attractive proposition for investors seeking strong returns. The property's address in the heart of Albany ensures high visibility and accessibility, benefiting from excellent proximity to local amenities, transportation networks, and a diverse population base. Further due diligence is encouraged to fully assess the property's potential and to determine the precise square footage and configuration of the existing structures. This is a rare opportunity to acquire a significant mixed-use asset in a prime Albany location, offering substantial upside potential for the discerning investor. Serious inquiries are welcome. The property is offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $2,939,252

  6.5%

  $2,713,156

  7%

  $2,519,359

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,556,361

  Geo Method

  $1,545,969

• Alternative Use

  Use

  Valuation

  Residential

  $3,364,313

  Hospitality

  $3,081,693

  Educational

  $2,563,932

  Medical

  $2,652,110

  Retail

  $3,988,339

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.6543

Longitude

-73.751

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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