Albany Real Estate | Albany Commercial Properties for Sale

202622605 MLS

3 acres of Rural Light Industrial zoned land just south of the Port of Albany, offering one of the Capital Region's most affordable light industrial land opportunities. Significant River Road frontage with public water available. Zoning supports a wide range of uses including contractor's shop, distribution, vehicle repair/towing, self-storage, garage, warehouse, and manufacturing. Excellent access - minutes from I-787 (Exit 2) via Southern Blvd., with quick connections to downtown Albany, the Port of Albany, and the regional highway network. Current owner plans on clearing the land, delivering a site ready for your development plans. Priced at $275,000 ($83.333/acre). Rare chance to secure well-located, affordably priced industrial land in the Port of Albany corridor.

225 River Road

$2,199,000

202622391 MLS

Excellent investment opportunity in the heart of Albany's Central Avenue commercial corridor. The building offers a combination of 1 commercial and 6 residential spaces, making it ideal for investors seeking stable cash flow or owner-users looking to occupy while generating rental income. Offering includes 248 Sherman, a 7 unit residential/ 2 commercial property offering an excellent opportunity for both seasoned investors and owner-occupants. Property has been professionally managed and features solid rental potential in a convenient Albany location with easy access to downtown, major highways, hospitals, schools, and public transportation.

261 Central Avenue

$8,750,000

202622274 MLS

A rare opportunity to acquire a fully renovated, stabilized 46-unit multifamily investment housed within one of Albany's most distinctive historic buildings. Originally constructed as the iconic Hinckel Brewery, this landmark property has been thoughtfully transformed into a modern apartment community while preserving its unique architectural character. Completed renovations in 2023 have positioned the asset as a turnkey investment featuring updated kitchens and baths, stainless steel appliances, in-unit washer and dryers, new flooring, modern lighting, and contemporary finishes throughout. The property offers an attractive mix of one-, two-, and three-bedroom apartments with distinctive layouts that appeal to a broad tenant base.

201 Park Avenue

$485,000

202622112 MLS

342-346 Hamilton Street offers a unique mixed-use opportunity in a prime downtown Albany location. The property includes office space, two apartments, and a private parking lot with six spaces. Owned and meticulously maintained by a nonprofit for the past 30 years, the property provides strong income and investment potential. Note: 342 Hamilton Street refers to the building, and 346 Hamilton Street is the parking lot. The first floor is currently configured as professional office space and showcases beautiful original woodwork crafted by a skilled carpenter. The layout includes three private offices, a conference room, and a kitchenette, offering flexibility for an owner-user or potential to subdivide for additional rental income. Newer central air serves the office space. The upper floors consist of two residential units, each offering two bedrooms and one full bath. The second floor unit is vacant and the third floor unit is currently rented on a month-to-month basis, generating $600/month. Separate utilities and panels are in place, and the water service line to the property has been replaced in recent years.

342 Hamilton Street

$699,000

202622020 MLS

Four-story mixed-use building in the heart of downtown Albany -- fully gut-renovated in 2020 and in excellent condition. Three residential units on floors 2-4 featuring Google Smart Home technology, in-unit washer/dryers, exposed brick, and that iconic arched top-floor window with direct views of SUNY Plaza. Hallways freshly painted April 2026. This is not your typical downtown walkup and it shows. Ground floor commercial space is currently vacant and ready for an owner-occupant or new tenant -- a significant value-add opportunity in one of Albany's highest-foot-traffic corridors, directly across from SUNY Plaza with the Broadway bus stop at the front door. The big number: approximately 15 years remaining on a 20-year Capitalize Albany tax abatement, dramatically reducing the effective tax burden and making this one of the most favorably structured deals in the downtown market right now. Gross potential income $70,800/year. Priced at $699,000 at a 6.88% cap rate on normalized expenses. Two residential units coming available -- buyer sets fresh market rents on a renovated product. Full OM and financials available upon request!

402 Broadway

$4,450,000

202622095 MLS

PRIME DOWNTOWN ALBANY MIXED-USE INVESTMENT -- 41 RESIDENTIAL UNITS + 21 COMMERCIAL SPACES | $4,450,000 A rare opportunity to own a signature mixed-use asset in the heart of the Downtown Albany Historic District. This 101,730 SF building sits on a 0.53-acre lot at the corner of Pine St and N Pearl St, offering 41 luxury residential units and 21 commercial spaces under one roof -- steps from Albany's business core, courts, and government offices. 96 Walk Score. Residential units are finished to a high standard: custom kitchens with stainless appliances and granite countertops, in-unit washer/dryer, hardwood floors, and state-of-the-art VRF mini-split heating and cooling systems. Bathrooms feature mahogany vanities, custom lighting, and select units with mosaic-tiled walk-in showers. Building amenities include a rooftop patio, theater room, and fitness center -- driving strong resident retention and premium rents in a tight downtown rental market. Built in 1880 and set within Albany's Historic District, the property combines architectural character with modern systems and finishes, appealing to residents and commercial tenants seeking a downtown address. Ideal for investors seeking diversified income across residential and commercial tenancy in one of the Capital Region's most established urban cores.

99 Pine Street

$700,000

202621770 MLS

**CAN BE SOLD AS A PACKAGE WITH 552 MADISON AVENUE** Extremely rare opportunity to acquire and develop one of the most coveted buildings in Albany, the long-desired mixed-use building on the corner of Madison and New Scotland Avenue, just blocks from Albany Medical Center. The building contains an extremely spacious commercial space spanning the entirety of the first floor and three 1BD units up above, floor plans included in docs. While renovation is needed, this is a unique and rare opportunity for a discerning buyer to revitalize the building and enhance the community. Ideal for both owner-occupiers and investors, but serious inquiries only.

558 Madison Avenue

$300,000

202621755 MLS

Versatile Albany property offering approximately 3,376 square feet of space on a 0.26-acre lot. Currently configured as an office building, the property presents an excellent opportunity for continued professional use, redevelopment, or potential conversion to multifamily apartments. Convenient Clinton Avenue location with access to major roadways, public transportation, downtown Albany, and area amenities. A compelling opportunity for investors, developers, or owner-users seeking a property with adaptable space and future potential. Residential conversion is subject to zoning, municipal approvals, building codes, and buyer due diligence.

519 Clinton Avenue

$419,900

3 Baths ⋅ 202620096 MLS

407 Central Ave is a well positioned mixed use investment property. The first floor offers commercial space, while the 2nd and 3rd floor features 2 spacious 4 bedroom/1 bath residential units. This layout creates multiple income streams and strong rental potential. It also offers flexibility for investor/owner-occupants or buyers looking to improve the property and grow long-term value.

407 Central Avenue

$425,000

202619745 MLS

Opportunity awaits as this mixed use property located in a high traffic area on Central Ave with a huge parking lot hits the market!! This building has been remodeled and features an established hair salon on the first floor and an apartment on the second floor! First floor features include an entry, two bathrooms, a large waiting room and four additional large rooms with stations in them. Possibilities are endless here! Second floor features include gleaming hardwood floors, awesome remodeled eat in kitchen with granite countertops and stainless steel appliances, cozy large living room, office area, large bedroom, remodeled bathroom! There is plenty of parking here and also a garage! A must see!

1056 Central Avenue

$825,000

4 Baths ⋅ 202619677 MLS

Rare mixed-use opportunity in the heart of Albany. This approximately 6,000 SF building spans three levels and occupies more than half a block on Robin Street, just steps from Central Ave, Washington Park, and UAlbany's Downtown Campus. The first floor features two entertainment venues, including an event space with bar area and a separate lounge/nightlife concept, with a proven history of private event rentals and recent approval for event venue use. The second floor includes a recording studio with soundproof booths, while the upper two levels offer flexible space filled with natural light from oversized windows. Four bathrooms, off-street parking, and vacant possession at closing create endless possibilities for hospitality, creative, office, residential, or investment use.

56 Robin Street

$475,000

202619642 MLS

Prime mixed-use opportunity on Central Ave with outstanding visibility and access located just 2 minutes from the Everett Rd exit. Currently configured with gleaming professional office space on the first floor and a charming, well-maintained apartment above, this property offers immediate functionality with strong upside for investors or owner-occupants. The flexible layout supports multiple income streams and future repositioning in a high traffic corridor. Featuring approximately 15 on-site parking spaces this is a rare chance to secure a highly accessible, high-potential asset in a high traffic corridor. Apartment and commercial space will be vacant upon closing. Don't miss this opportunity!

1032 Central Avenue

$180,000

1 Baths ⋅ 202619409 MLS

A great opportunity to own this established auto body repair, D&S Body shop. The auto body repair shop has been in use for well over 50 years. The property features a functioning automotive repair shop along with one separate office space rental and eight garage/storage rental units, providing steady supplemental income. Ideal for owner-operators, investors, or automotive business expansion, the property offers versatile commercial space with strong utility and flexibility. Well-situated with convenient access to major roadways, surrounding neighborhoods, and local business districts. Features include ample garage/storage capacity, office rental income opportunity, and a layout suitable for automotive services, contractor use, storage, or mixed commercial operations. Excellent opportunity to own an auto body repair shop with supplemental rental revenue in the City of Albany.

467 Jay Street

$335,000

2 Baths ⋅ 202619354 MLS

Blank slate opportunity in the heart of Albany's tight-knit, walkable Delaware Avenue neighborhood. Offering nearly 4,000 square feet, this open-concept commercial space provides endless possibilities for retail, office, fitness, service, or mixed-use concepts. Formerly home to a neighborhood hardware store spanning over five decades, the property is currently configured as a fitness facility. The building features a newer roof and has been well maintained throughout ownership. Gym equipment and/or business assets may be available separately. Listing agent to accompany all showings. Easy to show, inquire today!

390 Delaware Avenue

$2,600,000

202619191 MLS

Rare find! Completely renovated 11 years ago, this incredible building is fully rented and features 14 luxury apartments all with their own unique architectural details, and one large retail space with frontage on Washington Avenue, plus a large unfinished basement with even more investment potential. All apartments have hardwood floors, granite, dishwashers, private laundry, their own gas furnace and central air, hot water heater and electric panel. Large storage rooms for tenants both up and down. Shared lounge or gym space. Accessible lift to second floor. Secure entrances and lobby with intercom & updated security system. Potential rentable basement space up to fire code. Extremely attractive assumable Freddie Mac mortgage available until Dec. 31, 2029. Inquire for more details.

260 Washington Avenue

$449,777

3 Baths ⋅ 202618946 MLS

Motivated seller is selling this Mixed-Use property. It is currently being used as an auto repair shop ''Hurk's Transmission'' and 3 apartments (need to be renovated) Property to **Two parcels are being sold, 187 Jefferson, 010100 76.31-3-27 and 380 Madison Avenue )10100 76.31-3-20** There are garage spaces for 4-6 cars as well as off street parking for 5-6 cars. The property runs street to street between Madison Ave and Jefferson Street. great location, close to downtown, center square, state offices, SUNY, i787,i87,i90 shops and dining.

187 Jefferson Street

$399,900

202618137 MLS

Prime mixed use opportunity on Madison Ave in the sought after Center Square/Hudson Park neighborhood, just steps from Lark St. This mixed use, commercially zoned property features a versatile first floor commercial space with central air and a commercial kitchen setup, ideal for restaurant, café, retail, office, or other business use. The second and third floors each offer bright and well appointed one bedroom apartments. Located in one of Albany's most walkable neighborhoods, close to restaurants, shops, Washington Park, downtown amenities, and state offices, this property presents an excellent opportunity for investors or owner occupants alike.

418 Madison Avenue

$329,000

202617244 MLS

Mixed use property in the heart of Delaware Avenue Business District. Close to the Spectrum Theater and many restaurants. Store Front occupied by a hair salon (shown by appointment only) Apt 1 vacant (1br), Apt 2 occupied (3BR)

404 Delaware Avenue

$149,999

202617128 MLS

TURN KEY BUSINESS available- high traffic exposure- expandable hours can continue this successful and well established Delicatessen in Albany NY- business with all equipment is being offered for sale- there is an assumable 2+ year lease in place with an option at the end of lease, all equipment will be sold with business, walk in cooler, gas stove , slicers, coolers, etc. to be included, off street parking, rent and income figures available - potential for broadening the scope of current business is an option

718 Central Avenue

$1,700,000

202616534 MLS

Opportunity knocks. BUILDING & BUSINESS. McGeary's Irish Pub, a true Albany Icon is now available for new ownership. A cornerstone of downtown Albany for nearly 50 years. Perfectly situated in the heart of the entertainment district, steps away from The Palace Theatre, Empire Live, Capital Rep, Albany Convention Center, The Clinton Market Collective and the MVP Arena. This iconic restaurant and pub has long been the gathering place for politicians, state and city officials, sports fans, concert-goers, first responders, and locals alike. This one-of-a-kind property offers 5400+ sq ft of space. A 75-seat private party room. Dining room with 100+ seats. Outdoor patio with 80+ seats Year-round local live music and entertainment. Second & third-floor office plus two apartments for added income or owner's use. McGeary's isn't just a restaurant—it's a piece of Albany's past, present, and future. With its premier location and unmatched reputation, this is a rare opportunity to own a legacy business in one of the Capital Region's most vibrant districts. Don't miss your chance to carry on this Albany tradition.

4 Clinton Square

$399,000

202616467 MLS

Versatile commercial opportunity in a prime Albany location. Positioned at the corner of N Allen St & Willow St. just off Central Ave., this property offers excellent visibility and accessibility in a high-traffic corridor. Formerly operated as a restaurant and catering facility, the building is currently leased to a church and features a flexible layout suitable for a wide range of uses. Property highlights include an existing Ansul system, a commercial kitchen infrastructure and plumbing in place, a fully finished basement and ample private off-street parking, a rare amenity in this area. Ideal for restaurant, event space, religious use or redevelopment. Seller financing available Excellent opportunity for owner-users or investors seeking a well-located, adaptable asset

221 N Allen Street

$329,000

4 Baths ⋅ 202615449 MLS

Opportunity meets character at 427 S Pearl St, a fully remodeled mixed-use building featuring one of Albany's last historic bar spaces paired with two income-producing apartments. The commercial space offers a fully renovated bar/lounge, complete with a stunning custom bar, dining area, kitchen, office, and one ADA-compliant bathroom and one standard bathroom, along with a mop/broom closet. RESTAURANT EQUIPMENT CONVEYS WITH THE SALE OF THE PROPERTY! With USB-integrated outlets, updated systems, and a brand-new high-efficiency gas heater (2025), this space is turnkey and ready for its next concept. Currently generating $1,500/month with upside to ~$2,000/month upon liquor license approval. Upstairs, two spacious 2-bedroom apartments feature updated layouts, large bathrooms, and strong rental history; both currently occupied (month-to-month) at $1,300 and $1,400/month. Major improvements include new roof (2018), full electrical service update (2023), new sewer line to street (2024), updated plumbing with PEX throughout, and newer hot water tanks--offering peace of mind for years to come. Tenants pay utilities, keeping operating expenses low and returns strong. Whether you're an investor seeking cash flow or an owner-user looking to operate a business while collecting residential income- this is a rare find in the City of Albany! Current Income: Bar: $1,500/mo = $18,000/year Apts: $2,700/mo = $32,400/year Total Gross = $50,400/year Expenses: Taxes: $9,963 Insurance: $2,568 Water/Sewer: ~$675 Total Expenses ≈ $13,206 NOI (Net Operating Income): $50,400 - $13,206 = $37,194 CAP Rate (Current): *11.3%* 11%+ cap rate, built-in income, and serious upside...this is the deal investors wait for!!!!

427 S Pearl Street

$1,190,000

202614169 MLS

Fully Leased 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 $1,190,000 ($118/SF), this is a turnkey asset ideal for investors seeking value, stability, and upside potential in a dynamic urban market.

82 N Pearl Street

$799,000

202614003 MLS

Rare owner-user opportunity in Albany! This 7728 SF flex industrial building is perfectly suited for contractors, distribution, or light manufacturing users. Featuring (2) 12' drive-in doors, a full sprinkler system, and existing office buildout, the property offers a highly functioning layout ready for immediate occupancy. Zoned MU-NE, allowing for a wide range of commercial and light industrial uses. Offered at $799,000, presenting a compelling alternative to leasing while building long-term equity. Centrally located with easy access to Central Ave. and I-90. Ideal for businesses looking to establish or expand their footprint in a supply-constrained market

334 Ontario Street

$274,900

2 Baths ⋅ 202613937 MLS

PRICE IMPROVEMENT! Exceptional mixed-use investment or owner-user opportunity located directly across from Tricentennial Park in one of downtown Albany's most walkable corridors. Beginning August 15, both the street-level commercial space and second-floor one-bedroom apartment will be delivered vacant, allowing the next owner to establish market rents, occupy the commercial space, or create a live/work arrangement. The street-level commercial space offers excellent visibility, steady pedestrian traffic, and existing restaurant infrastructure, including a built-in commercial kitchen hood, grease trap, and private restroom, while remaining adaptable for restaurant, café, bakery, retail, office, professional services, salon, or other permitted commercial uses. The second-floor one-bedroom apartment provides an excellent opportunity for rental income or owner occupancy. Additional highlights include a roof replaced in August 2020 and convenient access to downtown businesses, restaurants, government offices, public transportation, and major highways. Both the commercial space and apartment are also being offered for lease, providing additional flexibility for investors, owner-occupants, and prospective tenants. Both the commercial space and residential apartment are also available for lease, providing additional flexibility for investors, owner-occupants, and prospective tenants. Property is being sold AS-IS. Buyers should perform their own due diligence. Showings by appointment only.

54 James Street

$429,900

3 Baths ⋅ 202613709 MLS

Step into your next business venture with a property that's as dynamic as your vision! This unique offering includes five combined lots--852-854 Madison Ave, along with 487-489 and 491 Yates St--providing an expansive footprint in a highly desirable Albany location. The property features a fully gated, asphalt-paved parking lot with convenient handicap-accessible entry at the rear, making it ideal for both clients and staff. Inside, the layout is designed for flexibility and functionality. The first floor offers six private rooms--perfect for offices, treatment spaces, or creative work areas--along with a spacious reception/intake area and two bathrooms. Upstairs, you'll find two large offices, a generous meeting or conference room, additional storage, and another bathroom--giving you room to grow and adapt. Whether you're launching a new concept, expanding your current operations, or investing in a high-potential commercial space, this property delivers the foundation you need. Located in the heart of Albany, it's more than just a space--it's an opportunity to bring your business ideas to life. Bring your vision. Build your future. Make it happen here.

854 Madison Avenue

$8,000,000

202613486 MLS

Albany Plaza: +/-115,305 SF, 215-key economy hotel on +/-5.40 acres directly off I-90 (Everett Rd Exit 5) with 90,124 AADT and exceptional visibility. 9-story, fully sprinklered asset with 2 elevators and 300 parking spaces. Built 1972, renovated 2016. Features full-service restaurant & bar, 10,000+ SF meeting/event space, indoor & outdoor pools. Zoned MU-CH (Community Highway) offering significant repositioning or redevelopment potential. Former Ramada, now independently operated, non-union. Rare value-add hospitality opportunity offered at $8,000,000 ($69.38 PSF / $37,209 per key).

3 Watervliet Avenue Extension

$575,000

3 Baths ⋅ 202613128 MLS

Prime mixed-use investment opportunity in the heart of Downtown Albany! Located at 165 Madison Avenue, Albany, NY, just steps from the New York State Capitol and minutes from MVP Arena, this beautifully renovated 3,272 sq ft brick building offers exceptional visibility and long-term income potential in one of the city's most rapidly revitalizing corridors. Fully renovated in 2022 with high-end finishes, this two-story mixed-use property features a turn-key restaurant space on the first floor with approximately 2,022 sq ft of retail/dining area, complete with a full commercial kitchen, 6-burner stove, commercial exhaust hood, dedicated employee and customer restrooms, dining area with entertainment stage, and both front and rear entrances. Ideal for owner-operators or investors seeking a ready-to-run restaurant, tavern, café, or retail concept. The second floor includes a turn-key 2-bedroom apartment with strong rental potential, estimated at $2,000/month, providing additional income and flexibility for owner occupancy or leasing.Situated in a high-demand downtown corridor near the Capitol district, with major revitalization projects underway in surrounding buildings, this property offers both immediate usability and strong future appreciation potential. Perfect for owner-users, restaurateurs, or mixed-use investors seeking a strategic Albany location with built-in income and strong growth prospects. Financials available with signed NDA. Showings by appointment only with 24-hour notice. Qualified buyers and proof of funds required.

165 Madison Avenue

$489,000

4 Baths ⋅ 202612986 MLS

Immaculate and incredibly maintained building currently used as a house of worship. Building has great tiled entry, large first floor worship space wide open with high ceilings. 2 side rooms on first floor with 2 bathrooms. 2nd floor has small sound room, second floor seating area and office overlooking entry. Lower level has dedicated entrance from exterior. Beautiful kitchen with granite, top of line cabinetry. 2 bathrooms on lower level with large open room ideal for many uses. On demand hot water heat, mini splits in place. Lots of possible uses.

281 Washington Avenue

$420,000

202612875 MLS

Prime commercial opportunity on the busy Central Ave business corridor. 184 Central Ave offers a commercial building accompanied by two additional vacant lots at 178 and 182 Central Ave, providing exceptional flexibility for business use, expansion, or future development. The property features parking for 10+ vehicles, a valuable asset in this high-visibility location with steady traffic and strong commercial presence. Situated in a well-traveled area surrounded by established businesses, this location offers excellent exposure and accessibility for customers and clients. With three parcels included, this property presents a rare opportunity for investors, business owners, or developers looking to establish or expand in a high-demand commercial corridor. Endless possibilities for retail, office, service business, or redevelopment.

184 Central Avenue

$389,000

202612390 MLS

Commercial storefront with office in the rear. 2 units upstairs with 4 bedrooms, 1 bath each. Freshly painted and updated flooring. Adjoining lot is negotiable. Possibility for garden floor apartment behind storefront.

397 Clinton Avenue

$399,900

1 Baths ⋅ 202612366 MLS

1306 Broadway, Albany is over 4200 square feet of retail, manufacturing, or warehouse space with reception and office. Located in Albany's revitalizing warehouse district, there is a ton of opportunity and growth. Directly across from The Loft's at One Broadway, over 10,000 cars per day, and directly on a number of bus routes. Zoned C1 the building lends itself to a variety of uses. The sale includes the vacant lot behind the property which has 25' of frontage on Lindbergh which could potentially be additional parking, storage, or egress. Would be a great for car detailing, contractor, auto repair, personal or business services, a great location to start or expand your business. 2 heating systems, full bath, and tons of storage.

1306 Broadway

$165,000

5 Baths ⋅ 202612141 MLS

Open House - Sunday 07/12/2026 from 12pm to 4pm Price Reduced!! Downtown commercial property with existing daycare tenant. Two unfinished one bedroom apartments. Off street parking. Property sold ''as is''. Advanced notice for appointments required due to operating business. To be sold with adjacent lot 45 Quail. Call listing agent for appointment.

43 Quail Street

$649,000

3 Baths ⋅ 202611373 MLS

Mixed-Use Opportunity in Historic Albany! Welcome to 204 Lancaster Street, a well-located mixed-use building offering flexibility and versatility. This historic property features a ground-floor retail space with strong street presence, currently operated as a tailor shop, and suitable for a wide variety of commercial uses. Above the storefront are two residential apartments. Situated in a vibrant Albany neighborhood with steady foot and vehicle traffic, this property is ideal for investors or owner-occupants seeking a combination of commercial and residential use. A unique opportunity to own a versatile building in one of Albany's established corridors. Tailor inventory can be purchased separately or can be purchased with the sale of the property

204 Lancaster Street

$950,000

2 Baths ⋅ 202610816 MLS

This listing is for the sale of the real estate and owner is willing to consider lease of property with an option to purchase. There is a separate listing for sale of the business, FF and E and inventory of Watkins Spring Co., an established business with over 100 years of experience providing heavy duty suspension services in the Capital District. The business has over 4,000 accounts and a highly respected reputation in the industry. Qualified buyers to sign NDA and show proof of funds. See associated documents for details on all of the possibilities.

368 Central Avenue

$399,900

202610196 MLS

Established bar and music venue located in the heart of Albany. Features include a full kitchen with professional-grade stove and cooktop. The space offers a 27-foot bar with bar seating, built-in tables, and an approved occupancy of 75. Additional income is generated from two apartments above the bar.

335 Central Avenue

$999,000

202529186 MLS

Seize this VERY rare opportunity to own a remarkable & versatile ~43,520 sq ft commercial prop on Albany's bustling Central Ave. This prop offers a multitude of spaces designed to cater to diverse needs. INCLUDES 12+ space parking lot. This expansive building features storefront space & robust road frontage/ fantastic visibility. Inside, a massive office area inc. common spaces, offices, conf. rooms & restrooms, all poised to shine with cosmetic enhancement. At the rear, sits a large warehouse equipped with two loading areas. Above main space, a studded apartment offers a blank canvas. Also included is a multi office space/lounge area(2nd fl). Above warehouse, a former dry-cleaning space awaits its next phase. A don't miss opportunity! See virtual tour. Sold as-is.

233 Central Avenue

$1,075,000

3 Baths ⋅ 202528917 MLS

Come see this unique and interesting property! Originally constructed as a bank in 1926, this was property was purchased and converted in 2002 into one of the City of Albany's premier performing arts and events spaces. Zoning and building technical specificities indicate that use of the property as/for any civic or institutional, office or retail use are highly feasible.

339 Central Avenue

$2,000,000

5 Baths ⋅ 202527844 MLS

Welcome to this stunning brick church, originally built in 1916 and thoughtfully updated for modern use. Ideally situated just off Central Avenue in Albany, this prime property offers over 20,000 square feet of beautifully finished space. Recent upgrades include a brand-new roof (2025), remodeled bathrooms, new flooring, updated carpeting, and more—making this a true turn-key opportunity. The sanctuary boasts a seating capacity of up to 400, with over 20 versatile rooms throughout the building, including offices, classrooms, and meeting spaces. The property also features a full commercial kitchen and a second, standard kitchen on the upper level, offering exceptional functionality for a variety of uses. Ample off-street parking is available for 50+ vehicles, with additional on-street parking nearby. Whether you're looking for a worship space, community center, or event venue, this historic yet updated property is the one you've been waiting for.

585 Central Avenue

$389,000

4 Baths ⋅ 202527479 MLS

+/- 3,200 sf former El Loco property for sale. Property consists of turnkey restaurant on the ground floor with two 1-bedroom apartments above. This iconic location at the intersection of Lark Street and Madison Avenue provides excellent retail exposure and visibility. Opportunity to drive value through increasing below market rents. Property can be delivered vacant making it a perfect opportunity for an owner occupier.

465 Madison Avenue

$3,250,000

202527361 MLS

Prime Albany Office Investment or Owner-User Opportunity! +/-65,309 SF Class B multi-tenant office building on +/-2.82 acres with 246 on-site parking spaces (4:1 ratio). Conveniently located minutes from I-90, Exit 5 (Everett Rd). Currently 33% occupied with +/-45,170 SF available for immediate use. Features include new roof (2024), passenger elevator, +/-1,600 SF residential penthouse, 3-phase/1600 AMP electrical service, MU-CH zoning, and CDTA bus access. Ideal for investors or owner-occupants seeking value-add potential. Offered at $3,250,000 ($49.76/SF).

32 N Russell Road, Albany

$270,000

202526159 MLS

Here's a great opportunity to own both the real estate and business. This well-established, successful corner store and restaurant sits just off Madison Avenue in a busy Albany neighborhood, close to Washington Park and the University at Albany. The property comes with a full commercial kitchen with proper venting, recent upgrades throughout, and strong potential for continued growth. Perfect for an owner-operator or investor looking for a solid business in a prime location.

301 Ontario Street

$649,900

5 Baths ⋅ 202523508 MLS

Prime mixed-use building in Albany's vibrant Center Square neighborhood. Over 3,100 sq ft with a street-level commercial space (rented at $2,200/mo) approved for a variety of uses. Existing equipment provides a great starting point for food service operation. Three well-maintained residential units above generate $3,350/mo. One unit is a 1BR facing Lark St; another offers skyline views and private rooftop access. The top-floor unit features 3 bedrooms, 2 full baths, and in-unit laundry. Rare 2-car garage off Spring St for parking or deliveries. Gross annual income of $66,600. Steps from shops, restaurants, and Washington Park. Whether you're looking to expand your investment portfolio or establish a business in a high-visibility, high-foot-traffic location, this one is worth exploring.

197 Lark Street

$989,000

202522968 MLS

Downtown Albany Warehouse District Investment Opportunity. Two parcels - 405 N Pearl: +/-9,569 SF two story warehouse with interior loading dock, freight elevator, industrial crane, 16' ceilings and ample office space. 380 N Pearl: +/-1.06 acre fenced gravel parking lot directly across the street. Great opportunity for owner-user or redevelopment project. Also available but not included is 403 N Pearl directly next door: Fully rented three-family with long term tenants.

405 N Pearl Street

$279,999

202430182 MLS

Investors, Developers & Small Business Owners - Don't Miss This Opportunity! This fully renovated C1 multi-use building offers incredible potential. Upgraded in 2013 with modern utilities, steel supports, and a poured concrete basement, it's move-in ready. The high-visibility first floor is ideal for a fast-food concept—burger, chicken, or pizza—with equipment negotiable. The second floor is a blank canvas, perfect for offices, a dental clinic, or apartment units. Included is a 0.05-acre corner lot, offering room for parking, storage, or expansion. A prime location to bring your business or development vision to life!

263 S Pearl Street

$350,000

202410101 MLS

We have 2,320 sf of mixed-use property for sale in Albany NY for sale. The building is a mixed use with a 38-year-old coffee and luncheonette shop on the first floor and 2-bedroom apartment on the second floor. The first-floor business is included in the sale with all FF&E.

265 S Pearl Street

Albany Commercial Properties for Sale

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