51 Pearl StAlbany, NY 12207

Property Details for 51 Pearl St

Year built

1990

Lot size

7.40 AC

Property size (Sq ft)

541,564 SF

Zone code

C3

Property type

Sports & entertainment properties

APN

010100 76.11-1-14.1

APU

1010076111141

Description

This exceptional 1,330-square-foot retail space at 51 S. Pearl Street in Albany, NY, presents a unique investment opportunity. Located at the entrance to the MVP Arena, this single-tenant property benefits from significant foot traffic, estimated at 400,000 annual arena attendees. Currently configured as office space, the adaptable layout is easily converted to suit retail or food and beverage uses. The space features primarily open floor plan with a private bathroom. High visibility and excellent foot traffic are key advantages. Two dedicated parking spaces are included, supplementing the 1,000 public parking spaces in the adjacent arena garage and other nearby public parking options. The property sits on a 7.4-acre lot and is part of a larger 55,000-square-foot building constructed in 1990. Its convenient location offers easy access to major highways. The property is zoned MU-DT. The lease rate is $17 per square foot, plus $2 per square foot for common area maintenance, with utilities paid separately. This is a rare opportunity to secure a high-visibility space in a prime downtown Albany location.

• Alternative Use

  Use

  Valuation

  Residential

  $153,988,416

  Hospitality

  $141,052,560

  Educational

  $117,354,080

  Medical

  $121,390,064

  Retail

  $182,550,784

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.6487

Longitude

-73.7553

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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