Right in the heart of Downtown Albany, this beautiful brick commercial property is ready for its next owner! This is a true powerhouse investment, offering a prime commercial storefront with two display windows and three rented residential units above. Currently producing $4,250/month with a full rent potential of $6k+/month, this building sits at a solid 8.5% cap rate and is priced to move.
The possibilities for the commercial space are endless - previously used as a successful esthetician's salon and office space, it's a perfect canvas for a boutique, coffee shop, or creative studio. The location is unbeatable: the bus line is right outside the front door, and you're within walking distance to the SUNY building, universities, parking garages, store, restaurants, the Palace Theatre and more.
Don't miss out on a turnkey opportunity in the center of the city. Schedule your showing today!
Property Type(s):
Commercial
|
Last Updated
|
4/11/2026
|
Year Built
|
1880
|
|
County
|
Albany
|
SCHOOLS
Additional Details
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Other, Yes |
| CONSTRUCTION |
Brick |
| EXTERIOR |
Other |
| GARAGE |
Yes |
| HEAT |
Forced Air |
| INTERIOR |
Built-in Features, Crown Molding, Other |
| LOT |
1307 sq ft |
| LOT DIMENSIONS |
13X93 |
| PARKING |
Other |
| SEWER |
Public Sewer |
| STORIES |
4 |
| STYLE |
Commercial, Office, Other |
| TAXES |
5364.28 |
| UTILITIES |
Sewer Connected |
| WATER |
None |
Location
This listing courtesy of Miranda Real Estate Group Inc
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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