54 James Street, Albany, NY 12207
sale
$299,900
|
Other
Courtesy Of Kellie Kieley Realty LLC
PRICE REDUCED BY $50,000! Seize this standout opportunity to own a versatile mixed-use property positioned directly across from Tricentennial Park in one of downtown Albany's most walkable corridors. This value-add asset features a high-visibility street-level commercial space with prime pedestrian traffic and picturesque park views--ideal for retail, office, or service use. The current commercial tenant is flexible, offering options for a new lease, business sale, or relocation for an owner-occupant. Upstairs, a one-bedroom residential unit leased through August 2026 provides immediate income, with significant upside as current rents are well below market value. This space also offers the flexibility to serve as a private office or live/work suite. With a roof replaced in August 2020 and immediate access to downtown offices, dining, and transit, this property is a compelling find for investors and owner-occupants alike. Offered AS-IS; buyers to perform own due diligence. Showings by appointment only--please do not disturb tenants.
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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Cooling System: Window Unit(s)
- Exterior Type: Brick
- Floor Covering: Vinyl
- Floor Covering: Tile
- Floor Covering: Hardwood
- Floors: 2
- Heating System: Electric (Heating)
- Heating System: Baseboard
- Heating System: Natural Gas
- MLSID: 202613937
- Roof Type: Flat
- Roof Type: Rubber
- Rooms: Bathroom 2
- Rooms: Bathroom 1
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