51 Pearl St Albany, NY 12207
- Sports & entertainment properties
- 541,564 SF
- 7.40 lot acres
Current Use by Public Records
- Albany Empire / Football Field
- Albany Auto Show / Association Or Organization
- Albany County Farmers Market / Farmers' Market
- Executive Cleaning Services Inc / Janitorial Service
- Box Office at MVP Arena / Event Ticket Seller
Property Details for 51 Pearl St
- Year built
- 1990
- Lot size
- 7.40 lot acres
- Property size
- 541,564 SF
- Zone code
- C3
- Property type
- Sports & entertainment properties
- APN
- 010100 76.11-1-14.1
- APU
- 1010076111141
Description
This exceptional 1,330-square-foot retail space at 51 S. Pearl Street in Albany, NY, presents a unique investment opportunity. Located at the entrance to the MVP Arena, this single-tenant property benefits from significant foot traffic, estimated at 400,000 annual arena attendees. Currently configured as office space, the adaptable layout is easily converted to suit retail or food and beverage uses. The space features primarily open floor plan with a private bathroom. High visibility and excellent foot traffic are key advantages. Two dedicated parking spaces are included, supplementing the 1,000 public parking spaces in the adjacent arena garage and other nearby public parking options. The property sits on a 7.4-acre lot and is part of a larger 55,000-square-foot building constructed in 1990. Its convenient location offers easy access to major highways. The property is zoned MU-DT. The lease rate is $17 per square foot, plus $2 per square foot for common area maintenance, with utilities paid separately. This is a rare opportunity to secure a high-visibility space in a prime downtown Albany location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7553
- Latitude
- 42.6487
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
