89 Columbia StAlbany, NY 12210

Property Details for 89 Columbia St

Year built

1860

Lot size

0.05 AC

Property size (Sq ft)

3,082 SF

Zone code

C3

Property type

Investment properties

Property subtype

Live-work space

APN

010100 76.26-3-11

APU

101007626311

Description

This exceptional mixed-use property, located at 89 Columbia Street, Unit 89 in Albany, New York, presents a compelling investment opportunity. Situated on a conveniently sized 0.05-acre lot, the property offers significant potential for a variety of uses, capitalizing on its prime Albany location. The asking price is $846,000. While the precise square footage is currently unavailable, the property's mixed-use zoning allows for a flexible approach to development and tenant occupancy. This makes it ideal for entrepreneurs seeking a blend of commercial and residential space, or investors looking for a strong return on investment in a thriving urban setting. Albany's vibrant economy and growing population provide a solid foundation for long-term growth and rental income. The property's address places it within easy reach of local amenities, transportation hubs, and key business districts, enhancing its appeal to both tenants and investors. Further due diligence is encouraged to fully assess the property's potential and to determine the optimal use for this versatile asset. Detailed property information, including square footage and zoning specifics, is readily available upon request. This is a rare opportunity to acquire a mixed-use property in a desirable Albany location at a competitive price. Don't miss out on this chance to secure a valuable piece of Albany real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $765,617

  6.5%

  $706,723

  7%

  $656,243

• Comparable approach

  Method

  Valuation

  Relative Method

  $405,401

  Geo Method

  $402,694

• Alternative Use

  Use

  Valuation

  Residential

  $876,336

  Hospitality

  $802,720

  Educational

  $667,853

  Medical

  $690,822

  Retail

  $1,038,883

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.6529

Longitude

-73.7524

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].