221 Allen St Albany, NY 12206-1713
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Albany, NYCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.