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Property profile & analytics
FOR SALE
Investment properties

407 Central Ave Albany, NY 12206

3,510 SF 0.03 ac lot Built 1890
Individually Owned 8-yr Hold Free & Clear
Property ID
US63-1039575
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1890
Total area 3,510 SF
Lot 0.03 ac (1,344 SF)
Zoning code C3
APN 010100 65.46-1-44
UPID US63-1039575
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
  • SMOKY CLOUD (Bike/Boat/Book/etc) Store
  • Lavender's Specialty Food Shop
  • Boost Mobile Mobile Phone Store Electronics & Wireless Store
  • Unique Dimensions Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lin Yan · 8 yrs held
Lin Yan
since 2018
1 recorded transaction
2018
$238,000
Zoning & alternative use
C3 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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