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Property profile & analytics
OFF-MARKET
Turn key restaurants

221 Allen St Albany, NY 12206-1713

2,990 SF 0.08 ac lot Built 1900
Individually Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US63-4120324
Property summary
AI-generated overview

This exceptional mixed-use property, located at 221 N Allen St Unit 221 in Albany, NY, presents a compelling investment opportunity. Situated on a sizable 0.08-acre lot, this property offers significant potential for a variety of uses, given its mixed-use zoning classification. The asking price is $495,000. While the precise square footage is currently unavailable, the substantial lot size suggests ample space for development or expansion. The property's address in the vibrant city of Albany, NY, ensures convenient access to a diverse range of amenities, including transportation networks, local businesses, and residential areas. This makes it an attractive prospect for both established businesses seeking to expand their footprint and entrepreneurs looking to establish a new venture. The property's versatility allows for a wide range of potential uses, making it an ideal investment for those seeking a flexible and adaptable asset. Further due diligence is recommended to fully assess the property's potential and to determine the optimal use for this promising investment opportunity. Interested parties are encouraged to conduct their own independent investigation to confirm all details and explore the possibilities this unique property offers. The property's location in Albany, NY, offers a strong foundation for future growth and profitability. This is a rare chance to acquire a mixed-use property in a desirable urban setting.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Total area 2,990 SF
Lot 0.08 ac (3,286 SF)
Zoning code C2
APN 010100 64.36-4-39
UPID US63-4120324
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
John Pleat · 5 yrs held
John Pleat
since 2020
3 recorded transactions
2020
$125,000
2016
Price N/A
2010
$355,000
Zoning & alternative use
C2 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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