418 Pearl StAlbany, NY 12202

Property Details for 418 Pearl St

Year built

2016

Lot size

1.50 AC

Property size (Sq ft)

9,200 SF

Zone code

M1

Property type

Investment properties

Property subtype

Retail residential properties

APN

010100 76.73-3-12

APU

101007673312

Description

This exceptional 8,312-square-foot industrial property, located at 418 South Pearl Street in Albany, New York, presents a unique investment opportunity. Built in 2016, this single-story building sits on a spacious 1.5-acre lot and offers 29 parking spaces. The property boasts high visibility along South Pearl Street, with 208 feet of frontage, ensuring excellent exposure for your business. Its I-1 zoning allows for a range of light industrial uses. The building is conveniently located just off I-787, providing easy access to major transportation routes. Currently vacant, this freestanding structure offers immediate occupancy. The property features ample space for operations and storage, making it suitable for a variety of businesses. The address is 418 S Pearl St, Albany, NY 12202, with cross streets at 2nd Avenue. The parcel number is 76.73-3-12. The building is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $2,833,924

  6.5%

  $2,615,930

  7%

  $2,429,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,875,736

  Geo Method

  $1,863,212

• Alternative Use

  Use

  Valuation

  Residential

  $2,615,930

  Hospitality

  $2,396,178

  Educational

  $1,993,592

  Medical

  $2,062,154

  Retail

  $3,101,143

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.6369

Longitude

-73.7592

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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