- For Sale $1,140,000/SF
- Property Type Retail
- Property Size 10,085 SF
- Cap Rate % 6.25
- Year Built 1850
- Date Updated May 28, 2026
Description
Iconic Downtown Albany Investment Opportunity! Discover +/-10,085 SF of prime mixed-use space at the bustling corner of North Pearl & Columbia Streets. This fully leased four-story historic building—originally constructed in 1850 and thoughtfully renovated in 2020— features five 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. Offered at $1,140,000 ($113/SF), this is a turnkey asset ideal for investors seeking value, stability, and upside potential in a dynamic urban market.
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Contacts
Carrow Real Estate Services
Carrow Real Estate Services