221 Allen St Albany, NY 12206-1713
- Turn key restaurants
- 2,990 SF
- 0.08 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 221 Allen St
- Year built
- 1900
- Lot size
- 0.08 lot acres
- Property size
- 2,990 SF
- Zone code
- C2
- Property type
- Turn key restaurants
- APN
- 010100 64.36-4-39
- APU
- 101006436439
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $205,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $180,000
- 6.5%
- $195,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $165,000
- Mixed-Use
- $150,000
- Hospitality
- $180,000
- Educational
- $205,000
- Residential Income
- $210,000
- Energy
- $200,000
- Income-Based Land
- $180,000
- Food Service
- $150,000
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7839
- Latitude
- 42.6738
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
