89 Columbia St Albany, NY 12210
- Investment properties
- 3,082 SF
- 0.05 lot acres
Current Use by Public Records
- Investment properties
Property Details for 89 Columbia St
- Year built
- 1860
- Lot size
- 0.05 lot acres
- Property size
- 3,082 SF
- Zone code
- C3
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 010100 76.26-3-11
- APU
- 101007626311
Description
This exceptional mixed-use property, located at 89 Columbia Street, Unit 89 in Albany, New York, presents a compelling investment opportunity. Situated on a conveniently sized 0.05-acre lot, the property offers significant potential for a variety of uses, capitalizing on its prime Albany location. The asking price is $846,000. While the precise square footage is currently unavailable, the property's mixed-use zoning allows for a flexible approach to development and tenant occupancy. This makes it ideal for entrepreneurs seeking a blend of commercial and residential space, or investors looking for a strong return on investment in a thriving urban setting. Albany's vibrant economy and growing population provide a solid foundation for long-term growth and rental income. The property's address places it within easy reach of local amenities, transportation hubs, and key business districts, enhancing its appeal to both tenants and investors. Further due diligence is encouraged to fully assess the property's potential and to determine the optimal use for this versatile asset. Detailed property information, including square footage and zoning specifics, is readily available upon request. This is a rare opportunity to acquire a mixed-use property in a desirable Albany location at a competitive price. Don't miss out on this chance to secure a valuable piece of Albany real estate.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $275,000
- 6.5%
- $280,000
- 7%
- $240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $250,000
- Mixed-Use
- $285,000
- Hospitality
- $295,000
- Educational
- $260,000
- Residential Income
- $245,000
- Energy
- $285,000
- Income-Based Land
- $275,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7524
- Latitude
- 42.6529
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
