Property profile

70 Tivoli St Albany, NY 12207

FOR SALE
Warehouses
Property ID
US63-2542131
11,383 SF 0.27 ac lot Built 1890
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional ±11,383 square foot office/warehouse building presents a compelling investment opportunity in Albany, NY. Situated on a desirable ±1.75-acre gated lot at 70 Tivoli Street, this property boasts a strategic location in North Albany, zip code 12207. The building features a well-designed layout combining ample warehouse space with substantial office areas totaling approximately 1,534 square feet. The warehouse benefits from a 14-foot ceiling height, providing generous vertical storage capacity. Access is facilitated by one grade-level overhead door and one loading dock, ensuring efficient loading and unloading operations. The property is equipped with a dry sprinkler system for enhanced safety and features 240-volt, 200-amp, 3-phase power. The warehouse also includes infrared heating for comfortable working conditions. Electric openers are installed on both the dock and drive-in doors for convenient operation. This well-maintained property is offered at an asking price of $735,000 and represents a rare opportunity to acquire a versatile and functional industrial space in a thriving Albany location. The property's features make it suitable for a variety of uses, offering significant potential for growth and return on investment. The combination of office and warehouse space, coupled with the secure gated lot, makes this an attractive option for businesses seeking a functional and secure location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1890
Total area 11,383 SF
Lot 0.27 ac (11,635 SF)
Zoning code M1
APN 010100 65.16-1-18
UPID US63-2542131

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Real Estate Agency
  • General Contractor Construction Company
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • General Contractor Construction Company

Location

70 Tivoli St Albany, NY 12207
Albany metro Census 202 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$170k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2014
Last sale
$220,000
1 recorded transaction
2014
$130,000

Zoning & alternative use

M1 · Albany, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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