111 Pine StAlbany, NY 12207

Property Details for 111 Pine St

Year built

1920

Lot size

0.07 AC

Property size (Sq ft)

9,520 SF

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional mixed-use property at 111 Pine Street in Albany, NY, presents a lucrative investment opportunity. The 9,520 square foot building, constructed in 1920 and situated on a 0.07-acre lot (APN 76.34-3-26), boasts a prime downtown location. The four-story structure is zoned C3 and comprises eleven units, recently renovated with open-concept layouts and high-end finishes. The building's multi-family, office, and retail configuration offers diverse income streams and significant potential for rental growth. The property's strong location in the vibrant heart of Downtown Albany ensures high occupancy rates and consistent demand. This turnkey investment is ready for immediate income generation, offering a solid foundation for portfolio expansion. The property's historical charm is complemented by modern updates, creating a unique and desirable offering. With its versatile layout and strong rental potential, this property represents a compelling opportunity for investors seeking a high-return, low-maintenance investment in a thriving urban center. The asking price is $2,500,000. This is a rare chance to acquire a well-maintained, income-producing asset in a highly sought-after location.

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.6506

Longitude

-73.7507

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].