34 Everett RdAlbany, NY 12205

Property Details for 34 Everett Rd

Year built

1950

Lot size

0.50 AC

Property size (Sq ft)

1,300 SF

Zone code

13

Property type

Auto shops

APN

012689 54.9-2-38

APU

12689549238

Description

This exceptional commercial property, located at 34, 36, and 44 Everett Road in Albany, New York, presents a unique investment or redevelopment opportunity. The property encompasses a substantial 3,800 square feet situated on a nearly one-acre lot (0.98 acres) with an impressive 360 feet of frontage along the busy Everett Road corridor. Built in 1928, the property currently operates as a combination of auto repair and residential rental units, reflecting its versatile nature. The property is zoned COR, allowing for several permitted uses, providing significant flexibility for future development. Its prime location directly across from a Class A professional office park offers excellent visibility and accessibility. The asking price is $679,000. This presents a compelling opportunity for investors seeking a high-traffic location with substantial frontage and diverse development potential. The property's size and zoning provide a strong foundation for a variety of commercial ventures, capitalizing on the high volume of traffic on Everett Road and the proximity to a thriving professional office park. Consider the potential for conversion or expansion to maximize the property's value and income generation. This is a rare chance to acquire a well-positioned commercial property in a desirable Albany location.

• CAP approach

  CAP return

  Valuation

  6%

  $474,722

  6.5%

  $438,205

  7%

  $406,905

• Comparable approach

  Method

  Valuation

  Relative Method

  $430,919

  Geo Method

  $428,042

• Alternative Use

  Use

  Valuation

  Residential

  $369,642

  Hospitality

  $338,590

  Educational

  $281,703

  Medical

  $291,391

  Retail

  $438,205

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.6897

Longitude

-73.7785

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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