28 40-50 Colvin AVE new Save Request In-Person Tour Request Virtual Tour
Albany,NY 12206
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202500856
Year Built 1965
Annual Tax Amount $55,000
Property Sub-Type Mixed Use
Property Description
Prime Mixed-Use Investment Opportunity on Colvin Ave! This portfolio features three block-and-brick mixed-use buildings with 14 fully renovated apartments in 50 Colvin and 18 established office suites across the three. Strong location at a lighted intersection surrounded by development, each has a dedicated off-street parking lot at the rear. Nearly 100% occupied, the portfolio provides stable in-place cash flow with upside potential. Located just off Central Avenue with immediate access to major highways, the site is surrounded by ongoing development, including a new Chick-fil-A on corner & 63 unit apartments next door. A high-visibility, high-demand location ideal for investors seeking a turnkey asset with long-term growth.
Location
State NY
County Albany
Interior
Heating Baseboard,Other,Natural Gas,Forced Air
Cooling Central Air
Exterior
Parking Features Parking Lot
Roof Type Rubber,Flat
Building
Sewer Public Sewer
Water Public
New Construction No