Property summary
This 8,100 square foot Class C executive office building is located at 457 New Karner Rd, Albany, NY 12205, situated along a main thoroughfare in Colonie with approximately 15,000 vehicles passing daily. Currently vacant, the property offers immediate occupancy and presents a compelling opportunity for either continued use as an office space or redevelopment. The existing building features a blend of open concept and private offices, complemented by a dedicated conference room. Ample parking is available on-site. The asking price is $427,000, translating to $52.72 per square foot. This property's prime location and flexible use potential make it an attractive investment for a variety of buyers. The building is ready for immediate occupancy and presents a unique opportunity to capitalize on a high-traffic location in a thriving area. Consider the potential for redevelopment to further enhance the property's value and functionality. The existing infrastructure provides a solid foundation for a variety of future uses. Don't miss this chance to acquire a strategically located commercial property in Albany, New York.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Corporate Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
19 · Albany, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for 19 in Albany, NY.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning