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Mixed-Use Office / Restaurant Opportunity 22 Clinton Ave 16,966 SF Office Building Albany, NY 12207 $1,990,000 ($117.29/SF)

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INVESTMENT HIGHLIGHTS

  • Spectacular Location in ther Heart of Downtown Albany
  • Excellent Condition with No Deferred Maintenance
  • On-site Parking for 18 Vehicles

EXECUTIVE SUMMARY

Recently renovated class A mixed-use office / retail building located in the heart of Downtown Albany directly across from The Palace Theater. +/-16,966 SF on +/-0.21 acres. Two parcels: 22 and 24 Clinton Ave. Three stories plus finished basement. First floor restaurant space was former home of The Brown Derby with restaurant infrastructure in place. Upper two floors consist of recently renovated Class A office space currently owner occupied by a law firm. (18) on-site surface parking spaces. Passenger elevator. ADA Accessible. Building is in excellent condition and very well maintained. Also available For Lease at $24.00 PSF modified gross plus utilities and janitorial.

PROPERTY FACTS

Sale Type
Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
16,966 SF
Building Class
B
Year Built/Renovated
1927/2017
Price
$1,990,000
Price Per SF
$117.29
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,655 SF
Slab To Slab
12’
Building FAR
1.85
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
MU-DT - Mixed-use Downtown
Parking
18 Spaces (1.06 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Restaurant
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Lower Level
  • 3,489 SF
  • Restaurant
  • Full Build-Out
  • Now

Recently renovated mixed-use office / retail building located in the heart of Downtown Albany directly across from The Palace Theater. +/-16,966 SF on +/-0.21 acres. Two parcels: 22 and 24 Clinton Ave. Three stories plus finished basement. First floor restaurant space was former home of The Brown Derby with restaurant infrastructure in place. Upper two floors consist of recently renovated Class A office space currently owner occupied by a law firm. (18) on-site surface parking spaces. Passenger elevator. ADA Accessible. Building is in excellent condition and very well maintained. Available For Lease at $24.00 PSF modified gross plus utilities and janitorial. Also available For Sale at $2,890,000.

  • 1st Floor
  • 4,378 SF
  • Restaurant
  • Full Build-Out
  • Now

Recently renovated mixed-use office / retail building located in the heart of Downtown Albany directly across from The Palace Theater. +/-16,966 SF on +/-0.21 acres. Two parcels: 22 and 24 Clinton Ave. Three stories plus finished basement. First floor restaurant space was former home of The Brown Derby with restaurant infrastructure in place. Upper two floors consist of recently renovated Class A office space currently owner occupied by a law firm. (18) on-site surface parking spaces. Passenger elevator. ADA Accessible. Building is in excellent condition and very well maintained. Available For Lease at $24.00 PSF modified gross plus utilities and janitorial. Also available For Sale at $2,890,000.

  • 2nd Floor
  • 3,872 SF
  • Office
  • -
  • Now

Recently renovated mixed-use office / retail building located in the heart of Downtown Albany directly across from The Palace Theater. +/-16,966 SF on +/-0.21 acres. Two parcels: 22 and 24 Clinton Ave. Three stories plus finished basement. First floor restaurant space was former home of The Brown Derby with restaurant infrastructure in place. Upper two floors consist of recently renovated Class A office space currently owner occupied by a law firm. (18) on-site surface parking spaces. Passenger elevator. ADA Accessible. Building is in excellent condition and very well maintained. Available For Lease at $24.00 PSF modified gross plus utilities and janitorial. Also available For Sale at $2,890,000.

  • 3rd Floor
  • 3,849 SF
  • Office
  • Full Build-Out
  • 30 Days

Recently renovated mixed-use office / retail building located in the heart of Downtown Albany directly across from The Palace Theater. +/-16,966 SF on +/-0.21 acres. Two parcels: 22 and 24 Clinton Ave. Three stories plus finished basement. First floor restaurant space was former home of The Brown Derby with restaurant infrastructure in place. Upper two floors consist of recently renovated Class A office space currently owner occupied by a law firm. (18) on-site surface parking spaces. Passenger elevator. ADA Accessible. Building is in excellent condition and very well maintained. Available For Lease at $24.00 PSF modified gross plus utilities and janitorial. Also available For Sale at $2,890,000.

Space Size Space Use Condition Available
Lower Level 3,489 SF Restaurant Full Build-Out Now
1st Floor 4,378 SF Restaurant Full Build-Out Now
2nd Floor 3,872 SF Office - Now
3rd Floor 3,849 SF Office Full Build-Out 30 Days

Lower Level

Size
3,489 SF
Space Use
Restaurant
Condition
Full Build-Out
Available
Now

1st Floor

Size
4,378 SF
Space Use
Restaurant
Condition
Full Build-Out
Available
Now

2nd Floor

Size
3,872 SF
Space Use
Office
Condition
-
Available
Now

3rd Floor

Size
3,849 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

Lower Level

Size 3,489 SF
Space Use Restaurant
Condition Full Build-Out
Available Now

Recently renovated mixed-use office / retail building located in the heart of Downtown Albany directly across from The Palace Theater. +/-16,966 SF on +/-0.21 acres. Two parcels: 22 and 24 Clinton Ave. Three stories plus finished basement. First floor restaurant space was former home of The Brown Derby with restaurant infrastructure in place. Upper two floors consist of recently renovated Class A office space currently owner occupied by a law firm. (18) on-site surface parking spaces. Passenger elevator. ADA Accessible. Building is in excellent condition and very well maintained. Available For Lease at $24.00 PSF modified gross plus utilities and janitorial. Also available For Sale at $2,890,000.

1st Floor

Size 4,378 SF
Space Use Restaurant
Condition Full Build-Out
Available Now

Recently renovated mixed-use office / retail building located in the heart of Downtown Albany directly across from The Palace Theater. +/-16,966 SF on +/-0.21 acres. Two parcels: 22 and 24 Clinton Ave. Three stories plus finished basement. First floor restaurant space was former home of The Brown Derby with restaurant infrastructure in place. Upper two floors consist of recently renovated Class A office space currently owner occupied by a law firm. (18) on-site surface parking spaces. Passenger elevator. ADA Accessible. Building is in excellent condition and very well maintained. Available For Lease at $24.00 PSF modified gross plus utilities and janitorial. Also available For Sale at $2,890,000.

2nd Floor

Size 3,872 SF
Space Use Office
Condition -
Available Now

Recently renovated mixed-use office / retail building located in the heart of Downtown Albany directly across from The Palace Theater. +/-16,966 SF on +/-0.21 acres. Two parcels: 22 and 24 Clinton Ave. Three stories plus finished basement. First floor restaurant space was former home of The Brown Derby with restaurant infrastructure in place. Upper two floors consist of recently renovated Class A office space currently owner occupied by a law firm. (18) on-site surface parking spaces. Passenger elevator. ADA Accessible. Building is in excellent condition and very well maintained. Available For Lease at $24.00 PSF modified gross plus utilities and janitorial. Also available For Sale at $2,890,000.

3rd Floor

Size 3,849 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Recently renovated mixed-use office / retail building located in the heart of Downtown Albany directly across from The Palace Theater. +/-16,966 SF on +/-0.21 acres. Two parcels: 22 and 24 Clinton Ave. Three stories plus finished basement. First floor restaurant space was former home of The Brown Derby with restaurant infrastructure in place. Upper two floors consist of recently renovated Class A office space currently owner occupied by a law firm. (18) on-site surface parking spaces. Passenger elevator. ADA Accessible. Building is in excellent condition and very well maintained. Available For Lease at $24.00 PSF modified gross plus utilities and janitorial. Also available For Sale at $2,890,000.

Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
010100-076-026-0001-027-000-0000
Land Assessment
$149,000
Improvements Assessment
$1,416,700
Total Assessment
$1,565,700
  • Listing ID: 33599552

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 22 Clinton Ave, Albany, NY 12207

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