147 Orange StAlbany, NY 12210
- Land
- 0.53 AC
Property Details for 147 Orange St
- Lot size
- 0.53 AC
- Property type
- Land
Description
This exceptional 0.53-acre assemblage of vacant parcels at 147-163 Orange Street in Albany, NY, presents a compelling investment opportunity. Located in a vibrant downtown area near Monroe Apartments and N Pearl Street, this property is situated within an Opportunity Zone, offering significant tax advantages. The MU-NE zoning permits a medium-density multifamily development, with a conservative estimate of 40 units across three stories. However, the zoning also allows for a diverse range of uses, including retail, office space, a bed and breakfast, community center, cultural center, daycare, park, religious institution, or even a police station. Its strategic location provides convenient access to major highways, enhancing its appeal to both residents and businesses. This prime location, coupled with the flexible zoning and Opportunity Zone designation, makes this property an ideal platform for a variety of development projects. The asking price is $399,000.
Location Insight
- City
- Albany
- County
- Albany
- State
- New York
- Latitude
- 42.6559
- Longitude
- -73.7545
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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