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181 Western ave - First Lutheran Church 45,000 SF Specialty Building Offered at $1,650,000 in Albany, NY 12203
EXECUTIVE SUMMARY
The following offering is a unique assemblage of structures and tax lots comprised of 1.85 acres of land and 45,000 square feet of structure. Presently utilized as a religious institution, until recently under whose purview operated a shelter, community residential facility and other temporary residential dwellings, community center and various professional office. Primary frontage facing and vehicular access on Western Avenue (State Route 20), a major gateway to the city. The City of Albany has experienced decade long population growth and is the center of a 1.17 million person metropolitan area. Buoyed in part by the jobs provided by state government, Albany Med, St. Peter's Health Partners, and many institutes of higher education.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
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| Operating Expenses |
-
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-
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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
| Price | $1,650,000 | Building Class | C |
| Price Per SF | $36.67 | Lot Size | 1.21 AC |
| Sale Type | Owner User | Building Size | 45,000 SF |
| Property Type | Specialty | No. Stories | 2 |
| Property Subtype | Religious Facility | Year Built/Renovated | 1929/1954 |
| Zoning | MU-FM - MU-FM (Mixed-Use Form-Based Midtown): Legally permitted uses or conditionally permitted uses for the property include: Mixed-use/multifamily, restaura | ||
| Price | $1,650,000 |
| Price Per SF | $36.67 |
| Sale Type | Owner User |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | C |
| Lot Size | 1.21 AC |
| Building Size | 45,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1929/1954 |
| Zoning | MU-FM - MU-FM (Mixed-Use Form-Based Midtown): Legally permitted uses or conditionally permitted uses for the property include: Mixed-use/multifamily, restaura |
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Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 010100-065-062-0003-064-000-0000 | Improvements Assessment | $3,749,455 (2024) |
| Land Assessment | $394,000 (2024) | Total Assessment | $4,143,455 (2024) |
PROPERTY TAXES
Parcel Number
010100-065-062-0003-064-000-0000
Land Assessment
$394,000 (2024)
Improvements Assessment
$3,749,455 (2024)
Total Assessment
$4,143,455 (2024)
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181 Western ave - First Lutheran Church
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