111 Pine StAlbany, NY 12207

For Sale
$2,500,000

11-Unit Multi-Family, Office & Retail

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property at 111 Pine Street in Albany, NY, presents a lucrative investment opportunity. The 9,520 square foot building, constructed in 1920 and situated on a 0.07-acre lot (APN 76.34-3-26), boasts a prime downtown location. The four-story structure is zoned C3 and comprises eleven units, recently renovated with open-concept layouts and high-end finishes. The building's multi-family, office, and retail configuration offers diverse income streams and significant potential for rental growth. The property's strong location in the vibrant heart of Downtown Albany ensures high occupancy rates and consistent demand. This turnkey investment is ready for immediate income generation, offering a solid foundation for portfolio expansion. The property's historical charm is complemented by modern updates, creating a unique and desirable offering. With its versatile layout and strong rental potential, this property represents a compelling opportunity for investors seeking a high-return, low-maintenance investment in a thriving urban center. The asking price is $2,500,000. This is a rare chance to acquire a well-maintained, income-producing asset in a highly sought-after location.

Highlights

  • Exceptional mixed-use property at 111 Pine Street, Albany, NY.
  • 9,520 sq ft building on a 0.07-acre lot (APN 76.34-3-26).
  • Four-story building, C3 zoning, eleven recently renovated units.
  • Multi-family, office, and retail configuration.
  • Prime downtown Albany location, high occupancy potential.
  • Turnkey investment, asking price $2,500,000.

Property Details for 111 Pine St

Property type
Other retail properties, Other office properties
Square Feet
9,520 SF
Year Built
1920
Buildings
1
Stories
4
Lot Size (sq. ft)
3,049 SF

Location Insight

City
Albany
County
Albany
State
New York
Latitude
42.65062
Longitude
-73.7507071
111 Pine St, Albany, New York

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111 Pine St
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