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About This Home
This 0-bedroom, 2-bathroom commercial at 54 James Street in Albany, NY is listed for $299,900 ($298 per sqft). Built in 1910, the home offers 1,008 sqft of living space on a 0.01 acres lot.
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.
Key Features
- Built in 1910
- 0.01 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$1,604/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
54 James Street
Albany, NY 12207
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 2-bathroom commercial at 54 James Street is listed at $299,900 ($298/sqft). The estimated monthly payment is $1,300 based on 20% down at 6.5% interest.
Key features include: Built in 1910, 0.01 acre lot, 2 stories.
This property is listed by Brian A Amaral and can be reached at 5182509499 or Brian.Amaral1@gmail.com.
