256 Delaware AveAlbany, NY 12209

For Sale
$299,187

Vacant, 1512 sq ft, $299,187

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use building, located at 256 Delaware Avenue in Albany, New York, presents a unique investment opportunity. The property, built in 1940, boasts a total of 1,512 square feet spread across two stories and sits on a 5,130 square foot lot (APN: 010100 76.54-4-12). Currently vacant, the building previously housed a fully equipped deli/market on the ground floor, with all fixtures, furniture, and equipment (FF&E) negotiable between buyer and seller. Above the commercial space is a one-bedroom apartment, also currently vacant. Adding significant value, a parking lot situated at 260 Delaware Avenue is included in the sale. The property is zoned for mixed use, offering flexibility for a variety of commercial and residential applications. The asking price is $299,187, translating to $218.19 per square foot. This prime Albany location, with its included parking, presents a compelling opportunity for investors seeking a versatile property with significant upside potential. The property's history as a successful deli/market provides a strong foundation for future tenants or a new business venture.

Highlights

  • Mixed-use building, 1,512 sq ft, on a 5,130 sq ft lot in Albany, NY.
  • Currently vacant, previously housed a deli/market (FF&E negotiable).
  • Includes a one-bedroom apartment (vacant).
  • Adjacent parking lot (260 Delaware Ave) included.
  • Mixed-use zoning.
  • Asking price: $299,187 ($218.19/sq ft).

Property Details for 256 Delaware Ave

Property type
Other retail properties, Retail properties
Square Feet
1,512 SF
Year Built
1940
Stories
2

Location Insight

City
Albany
County
Albany
State
New York
Latitude
42.6435515
Longitude
-73.7751579
256 Delaware Ave, Albany, New York

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256 Delaware Ave
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