467 Delaware Ave Albany, NY 12209-1529
- Investment properties
- 4,166 SF
- 0.13 lot acres
Current Use by Public Records
- Investment properties
Property Details for 467 Delaware Ave
- Year built
- 1955
- Lot size
- 0.13 lot acres
- Property size
- 4,166 SF
- Zone code
- C1
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 010100 75.68-2-6
- APU
- 10100756826
Description
This exceptional investment opportunity presents a unique parcel of land totaling 0.13 acres, situated at 467 Delaware Avenue, Unit 467, in the vibrant city of Albany, New York. The property is classified as "Other," offering a versatile canvas for a variety of potential uses. Its location in Albany provides access to a thriving urban environment with a rich history and a diverse population. The asking price is $5,750, representing a compelling entry point into the Albany real estate market. Given the size and location, this property is ideal for investors seeking a strategic foothold in a growing area. The absence of square footage information underscores the unique nature of this offering, emphasizing the land itself as the primary asset. Further due diligence is encouraged to explore the full potential of this 0.13-acre site. Its potential uses are numerous and depend on local zoning regulations and the buyer's vision. This is a chance to acquire a piece of Albany's dynamic landscape at an attractive price point. Serious inquiries are welcome to explore this exciting opportunity. The property's address is clearly defined, allowing for easy location verification and further investigation into its potential. The relatively small size of the lot makes it suitable for a range of projects, from small-scale developments to strategic land banking. The price reflects the current market conditions and the unique characteristics of this offering.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $190,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $255,000
- 6.5%
- $295,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $250,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $290,000
- Retail
- $270,000
- Mixed-Use
- $315,000
- Hospitality
- $250,000
- Educational
- $295,000
- Residential Income
- $305,000
- Energy
- $245,000
- Income-Based Land
- $285,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7845
- Latitude
- 42.6404
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
