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Property profile & analytics
OFF-MARKET
Parking lots & garages

281 Washington Ave Albany, NY 12206-3012

0.03 ac lot
Individually Owned 21-yr Hold Free & Clear
Property ID
US63-0114382
Property summary
AI-generated overview

This exceptional mixed-use property, situated at 281 Washington Avenue, Unit 281 in Albany, New York, presents a compelling investment opportunity. The property encompasses a 0.03-acre lot, offering significant potential for a variety of uses given its prime location within the vibrant city of Albany. The asking price is $489,000. While the precise square footage is currently unavailable, the property's size and location suggest a strong return on investment. The mixed-use zoning allows for flexibility in development and tenant occupancy, making it suitable for a range of commercial and residential applications. This presents a unique chance to acquire a strategically positioned asset in a growing urban area. Further due diligence is encouraged to fully assess the property's potential and to determine the precise square footage and allowable uses under current zoning regulations. The property's address is easily accessible and benefits from excellent visibility, making it an attractive proposition for businesses seeking a high-traffic location. Serious inquiries are welcome to explore this promising investment opportunity further. Detailed property information, including zoning details and potential use cases, is available upon request. This is a rare chance to acquire a well-situated mixed-use property in a thriving New York city.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.03 ac (1,300 SF)
Zoning code R2B
APN 010100 65.71-3-34
UPID US63-0114382
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
  • Russian Church of Albany Church
  • Albany Ghanaian Seventh-Day Adventist Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Scott Schuster · 21 yrs held
Scott Schuster
since 2005
1 recorded transaction
2005
$118,000
Zoning & alternative use
R2B · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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