52 James StAlbany, NY 12207

This exceptional Class A, five-story office building at 52 James Street in Albany, New York, presents a unique investment opportunity. Boasting 22,000 square feet of space, the property is currently 50% occupied under a modified lease agreement with multiple tenants. Originally constructed in 1910 and extensively renovated in 2016, the building offers a blend of historical charm and modern amenities. The asking price is $1,390,000, translating to $63.18 per square foot. The property is zoned for commercial use and its versatile layout allows for a variety of uses. Its prime downtown location offers excellent visibility and accessibility, further enhanced by the planned redevelopment of Tricentennial Park directly across James Street. The building's existing configuration as executive and traditional office space presents immediate income potential, while its adaptable design lends itself to conversion into street-level retail and upper-level apartments, maximizing its potential return on investment. This presents a rare chance to acquire a significant property in a rapidly developing area of Albany, New York, with a rich history and a bright future. The building's 5 stories provide ample space for expansion or diversification of tenants. The property is located in Albany County, New York, with a zip code of 12207.