28 Colvin Ave - Office FOR SALE


Albany, NY 12206- Upper Washington Avenue
$4,500,000 USD
518-534-3714
28 Colvin Ave, Albany, NY for Sale
$4,500,000 USD
Office - FOR SALE
1/13
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NEW



HIGHLIGHTS

  • At traffic Signal
  • Fully Occupied
  • Great location surrounded by recent development

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$399 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

Mxd use neighborhood ctr

APN/PARCEL ID

010100-053-082-0001-062-000-0000

ASK ABOUT THIS PROPERTY

Ryan MortkaRealty One Group KeyMore Info
518-534-3714

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Ryan MortkaRealty One Group KeyMore Info
518-534-3714

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.