402 Broadway, Albany, NY 12207

$750,000
Active for Sale
 
Listing ID 11690461
Property Type Commercial
County Albany
Total Tax $5,364
Tax ID 010100 76.42-3-38
FEMA Flood Map fema.gov/portal
Year Built 1880
   
Virtual Tour
Right in the heart of Downtown Albany, this beautiful brick commercial property is ready for its next owner! This is a true powerhouse investment, offering a prime commercial storefront with two display windows and three rented residential units above. Currently producing $4,250/month with a full rent potential of $6k+/month, this building sits at a solid 8.5% cap rate and is priced to move. The possibilities for the commercial space are endless - previously used as a successful esthetician's salon and office space, it's a perfect canvas for a boutique, coffee shop, or creative studio. The location is unbeatable: the bus line is right outside the front door, and you're within walking distance to the SUNY building, universities, parking garages, store, restaurants, the Palace Theatre and more. Don't miss out on a turnkey opportunity in the center of the city. Schedule your showing today!
Property Details
  • 3796 SF (AG)
  • 3796 SF (Total)
  • 0.03 Acres
  • 1209 SF Lot
  • Built in 1880
  • 4 Stories
Interior Features
  • Laminate Flooring
  • Fire Sprinklers
  • Forced Air
  • Central A/C
Exterior Features
  • Brick Siding
  • Flat Roof
  • Municipal Sewer
Commercial Info
  • Uses: Mixed
Taxes and Fees
  • $5,364 Total Tax
Listed By
Miranda Real Estate Group Inc
Office: 518-356-1701
Mobile: 518-944-3944
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