Property summary
This exceptional mixed-use property, situated at 256 Delaware Avenue, Unit 256 in Albany, New York, presents a compelling investment opportunity. The property encompasses a sizable 0.12-acre lot, offering significant potential for development or expansion. While the precise square footage is currently unavailable, the property's mixed-use zoning allows for a variety of commercial and residential applications, catering to diverse business and living needs. Its strategic location in Albany ensures high visibility and accessibility, placing it within easy reach of key transportation routes and a vibrant urban environment. The asking price of $299,188 represents a competitive entry point into the Albany real estate market, making this an attractive proposition for both seasoned investors and newcomers seeking a profitable venture. The property's versatility and prime location make it an ideal asset for generating rental income, establishing a new business, or a combination of both. Further due diligence is encouraged to fully explore the development potential and unlock the full value of this promising investment. Detailed information regarding zoning regulations and permitted uses is readily available upon request. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving New York city.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Albany, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in Albany, NY.
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Find the owner behind the property.
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