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About the Listing o3246A - 31825
A rare, exceptional investment opportunity on Central Avenue, Albany's historic main commercial artery, stretching from near downtown Albany out toward Schenectady. This mixed-use building sits on a dense urban retail corridor with steady drive-by and foot traffic, offering the kind of diversified, multi-income-stream asset that's hard to find fully stabilized and available at once. Two ground-floor storefronts anchor the property, both currently leased, a thriving smoothie shop and an established mobile phone retailer, delivering strong, proven retail income from day one. A private entrance leads to four fully rented apartments in a mix of 1, 2, and 3-bedroom layouts, adding stable, diversified residential cash flow that balances the commercial income and reduces overall vacancy risk. At the rear of the building, a leased warehouse is accessed via two private garages, and here's where this deal separates itself from the pack: there's untapped square footage with the potential to be built out into an additional income-producing unit, or even converted into self-storage, giving an investor a clear, low-cost path to force appreciation and boost returns well beyond current in-place income. Opportunities like this, fully leased, diversified, and positioned for upside, don't sit on the market long. Schedule your showing today.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air,Window Unit(s)
- Heating: Baseboard,Forced Air,Natural Gas
- Fireplaces:
- Floor: Tile,Vinyl,Wood,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Unfinished,Walk-Out Access
- Other: High Speed Internet,Built-in Features
- Water: Public
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Parking Spaces: 4
- Lot Dimensions: 41X160
- Zoning: Commercial
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Storage
Financial Details
- Tax Amount: $13,641
- Taxes w/Assessments: N/A
- Tax/Property ID: 010100 65.72-3-70
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
83 Central Ave Albany, NY 12206
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