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    FOR SALE
    Investment properties

    265 S Pearl St, Albany, NY 12202

    2,320 SF 0.03 ac lot Built 1910
    Individually Owned Free & Clear
    Property ID
    US63-3772047
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 265 S. Pearl Street in Albany, NY, presents a unique investment opportunity. The 2,320 square foot building, constructed in 1910, boasts a charming two-story design situated on a 0.03-acre lot. The property features a thriving, established coffee and luncheonette shop occupying the first floor, complete with all fixtures, furniture, and equipment (FF&E), included in the sale price of $450,000. This provides immediate income potential for the new owner. Upstairs, a comfortable two-bedroom apartment offers additional rental income or owner occupancy. The building's prime location in Albany, NY, zip code 12202, ensures high visibility and accessibility. With a price per square foot of $193.97, this property represents a strong value in the vibrant Albany market. The Albany County location and the property's APN is 76.57-4-12. This is a rare chance to acquire a turn-key operation with established income streams in a desirable urban setting. The building's history adds to its unique character, making it an attractive investment for both seasoned and new investors. Don't miss this opportunity to own a piece of Albany's rich history and vibrant commercial landscape.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1910
    Total area 2,320 SF
    Lot 0.03 ac (1,495 SF)
    Zoning code C1
    APN 010100 76.57-4-12
    UPID US63-3772047
    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
    Current use
    Occupant on record · Public records
    • South Pearl Coffee Shop Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    CHRIS CHRISTODOULOU
    CHRIS CHRISTODOULOU
    Zoning & alternative use
    C1 · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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