SQUARE FEET3,796
MLS#202614896
STATUSActive
PROPERTY TYPECommercial - Investment
SCHOOLAlbany
Property Description
Right in the heart of Downtown Albany, this beautiful brick commercial property is ready for its next owner! This is a true powerhouse investment, offering a prime commercial storefront with two display windows and three rented residential units above. Currently producing $4,250/month with a full rent potential of $6k+/month, this building sits at a solid 8.5% cap rate and is priced to move.The possibilities for the commercial space are endless - previously used as a successful esthetician's salon and office space, it's a perfect canvas for a boutique, coffee shop, or creative studio. The location is unbeatable: the bus line is right outside the front door, and you're within walking distance to the SUNY building, universities, parking garages, store, restaurants, the Palace Theatre and more.Don't miss out on a turnkey opportunity in the center of the city. Schedule your showing today!
Property Features
Property Type: Commercial - Investment
Basement: Other
Cooling: Central Air
Heating: Forced Air
Home Style: Office, Commercial, Other
Lot Size: 0.03 Acres
Roof Type: Flat
Stories: 4.0
Taxes: $5,364
Year Built: 1880
Feature Descriptions
Association Amenities: None
Current Use: Business, Investment, Mixed Use, Multi-Family, Office
Days on Site: 5
Doors: Sliding Doors
Exterior: Other
Exterior: Brick
Flooring: Laminate
Interior: Other, Built-in Features, Crown Molding
Lot Dimensions: 13X93
Parcel #: 010100 76.42-3-38
Parking: Secured Garage/Parking, Other
Parking Total: 0
Security: Fire Sprinkler System, Other, Smoke Detector(s), Building Security, Carbon Monoxide Detector(s)
Sewer: Public Sewer
SQFT Building Total: 3796
Water: None
Local Schools
High School: Albany
School District: Albany
Listed By / Shown By
Listing By
Agency Name: Miranda Real Estate Group Inc
Agency Phone: 1 518-356-1701
Shown By
Agent Name: Harold Baldwin
Agent Phone:
Agency Title: CKM Team Realty
402 Broadway | MLS# 202614896
This commercial property located at 402 Broadway, Albany, NY 12207 is currently listed for sale with an asking price of $750,000. Broadway is located within the Albany school district. Search Albany real estate on www.newyorkcliftonparkhomes.com today.