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Mixed-Use Retail with Parking Lot 1118 Broadway 3,106 SF Retail Building Albany, NY 12204 $299,000 ($96.27/SF)
INVESTMENT HIGHLIGHTS
- Located in Albany’s fast-growing Warehouse District
- Municipal water and sewer
- Twelve (12) car parking lot
EXECUTIVE SUMMARY
Prime redevelopment opportunity in Albany’s fast-growing Warehouse District. Directly across from National Grid’s Albany HQ and steps from Druthers Brewing Company, this +/-3,106 SF two-story brick building offers a former bar on the first floor and potential for two residential apartments above. Includes two adjoining parcels totaling +/-0.19 acres with 100’ of frontage on Broadway and a paved, fenced 12-car parking lot. Constructed in 1940, the building needs work but presents strong value-add potential. MU-NC zoning allows many uses including multifamily, retail, restaurant, and office. Municipal water and sewer. Annual taxes $6,526.98. Traffic counts: 4,655 AADT on Broadway with additional visibility from I-90 at 101,791 AADT. 1118 Broadway (Tax ID 65.44-3-12) & 2 Genessee St (Tax ID 65.44-3-8)
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
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| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,106 SF
Building Class
C
Year Built
1940
Price
$299,000
Price Per SF
$96.27
Tenancy
Single
Building Height
1 Story
Building FAR
0.51
Lot Size
0.14 AC
Zoning
MU-NC - MU-NC zoning allows many uses including multifamily, retail, restaurant, and office
Parking
12 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
100’ on Broadway
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 010100-065-044-0003-012-000-0000 | Improvements Assessment | $123,500 (2024) |
| Land Assessment | $94,000 (2024) | Total Assessment | $217,500 (2024) |
PROPERTY TAXES
Parcel Number
010100-065-044-0003-012-000-0000
Land Assessment
$94,000 (2024)
Improvements Assessment
$123,500 (2024)
Total Assessment
$217,500 (2024)
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Mixed-Use Retail with Parking Lot | 1118 Broadway
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