407 Central Ave Albany, NY 12206
This exceptional mixed-use property, situated at 407 Central Avenue, Unit 407 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. While the precise square footage is currently unavailable, the property's strategic positioning within Albany ensures high visibility and accessibility. The asking price is $399,999, representing a competitive entry point into the thriving Albany commercial real estate market. This mixed-use designation allows for flexibility in development and tenant occupancy, catering to a diverse range of business needs. The address, 407 Central Avenue, Unit 407, places the property within a dynamic commercial corridor, benefiting from high foot traffic and convenient access to major transportation routes. Further investigation into the property's specific zoning regulations and permitted uses is recommended to fully assess its development potential. This property is an ideal investment for those seeking a foothold in the Albany market or looking to expand their existing portfolio. The compact lot size, combined with the strategic location, makes this an attractive proposition for both established businesses and ambitious entrepreneurs. Serious inquiries are encouraged to explore the full potential of this unique mixed-use offering. The property is offered at a competitive price, reflecting its significant upside potential.
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SMOKY CLOUD (Bike/Boat/Book/etc) Store
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Lavender's Specialty Food Shop
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Boost Mobile Mobile Phone Store Electronics & Wireless Store
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Unique Dimensions Hair Salon
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C3 · 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.