Property profile

226 Allen St Albany, NY 12206

OFF-MARKET
Investment properties
Property ID
US63-3295692
40,364 SF 1.18 ac lot Built 1900
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at 226 N Allen Street in Albany County, presents a unique build-to-suit opportunity. The property is designated as Special Purpose land with a single-tenant occupancy. Currently undeveloped, this raw space offers unparalleled flexibility for a variety of commercial uses, ideal for a small office or retail establishment. The asking price is a competitive $13.50 per square foot, based on a gross lease structure with utilities paid separately by the tenant. This attractive pricing makes it an excellent investment for businesses seeking a customizable space to meet their specific needs. The property benefits from its strategic location within a thriving area, offering convenient access to a range of amenities, and surrounded by a mix of residential and commercial properties, ensuring high visibility and foot traffic potential. The single-suite building allows for a streamlined and efficient development process, minimizing complexities and maximizing return on investment. This is a rare chance to acquire a prime piece of commercial real estate in a desirable location, ready for immediate development. Don't miss this opportunity to create your ideal commercial space in a vibrant and growing community. Contact us today to learn more and schedule a site visit.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1900
Total area 40,364 SF
Lot 1.18 ac (51,401 SF)
Zoning code C1
APN 010100 64.36-1-10.1
UPID US63-3295692

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Discount Store

Location

226 Allen St Albany, NY 12206-1712
Albany metro Census 501 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.23M
Blend (final) Blend
$1.02M

Owner & transaction history

since 2021
Last sale
$50,000
1 recorded transaction
2021
Price N/A

Zoning & alternative use

C1 · Albany, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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