5 Clinton SqAlbany, NY 12207

Property Details for 5 Clinton Sq

Year built

1832

Lot size

0.06 AC

Property size (Sq ft)

11,750 SF

Zone code

C3

Property type

Investment properties

Property subtype

Live-work space

APN

010100 76.26-4-25

APU

101007626425

Description

This exceptional 11,750 square foot office building at 5 Clinton Square in Albany, NY, presents a unique opportunity. Built in 1832, this five-story, single-tenant building boasts a blend of historic charm and modern functionality. The property features 5,800 square feet of immediately available space, perfect for a variety of office uses. The building's rich history is complemented by thoughtful renovations and updates, ensuring it meets contemporary office standards while retaining its distinctive character. With 11 total parking spaces and elevator access, this property offers convenience and accessibility. The 0.06-acre lot is zoned commercial. Its central Albany location provides unparalleled access to key amenities and landmarks, including a nearby park, easy access to the 787 exit, the courthouse, the Palace Theater, and the Federal Building. This prestigious address offers a vibrant and convenient setting for any business seeking a unique and inspiring work environment. The building's traditional office layout is complemented by executive office spaces, providing flexibility for various business needs. This is a rare opportunity to secure a landmark property in a thriving downtown Albany location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,918,882

  6.5%

  $2,694,353

  7%

  $2,501,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,545,574

  Geo Method

  $1,535,255

• Alternative Use

  Use

  Valuation

  Residential

  $3,340,998

  Hospitality

  $3,060,336

  Educational

  $2,546,163

  Medical

  $2,633,730

  Retail

  $3,960,698

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.6541

Longitude

-73.7505

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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