285 New Scotland Ave, Albany, NY 12208
This exceptional 0.11-acre parcel located at 285 New Scotland Avenue in Albany, New York presents a unique opportunity for developers and investors. The property's address is strategically situated within Albany, offering convenient access to major transportation routes, local amenities, and a thriving urban environment. The land is currently vacant, providing a blank canvas for a wide range of development possibilities. Given its size and location, this lot is well-suited for a variety of projects, from small-scale commercial ventures to potentially residential construction, subject to all necessary approvals and zoning regulations. The absence of existing structures simplifies the development process, minimizing demolition costs and expediting project timelines. Prospective buyers are encouraged to conduct their own due diligence regarding zoning regulations, building codes, and potential development restrictions. This property represents a rare chance to acquire a prime piece of land in a desirable Albany location, offering significant potential for future growth and return on investment. The absence of a listed price indicates the property is available for offers. Serious inquiries are welcome. All interested parties should independently verify all information provided.
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Stewart's Shops Grocery & Convenience Store
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
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Albany, NYAlbany. Always verify with local authorities before improvements.
Costs & 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.