Iconic Downtown Albany Investment Opportunity! Discover +/-10,085 SF of prime mixed-use space at the bustling corner of North Pearl & Columbia Streets. This four-story historic building"”originally constructed in 1850 and thoughtfully renovated in 2020"”features five fully leased market-rate apartments and two high-visibility retail storefronts. Zoned MU-DT, the property offers excellent exposure and foot traffic in Albany's vibrant downtown district. Includes a passenger elevator and strong rental history. One retail space is currently vacant, presenting a rare opportunity for an owner-occupant or additional tenant income. Offered at $1,190,000 ($118/SF), this is a turnkey asset ideal for investors seeking value, stability, and upside potential in a dynamic urban market.
Property Type(s):
Commercial
|
Last Updated
|
9/10/2025
|
Year Built
|
1850
|
|
County
|
Albany
|
Additional Details
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Brick |
| HEAT |
Forced Air, Natural Gas |
| INTERIOR |
Elevator |
| LOT |
3049 sq ft |
| LOT DESCRIPTION |
Corner Lot |
| LOT DIMENSIONS |
33x104 |
| SEWER |
Public Sewer |
| STORIES |
4 |
| TAXES |
23500 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
Location
This listing courtesy of Carrow Real Estate Services LLC
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2025.
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