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223 Broadway 8,500 SF Retail Building Rensselaer, NY 12144 $1,500,000 ($176.47/SF)



INVESTMENT HIGHLIGHTS
- : LOCATION, LOCATION, LOCATION! Just off the 787 entrance ramp, seconds to route 9 & 20, I-90, I-87 & downtown Albany
EXECUTIVE SUMMARY
LOCATION, LOCATION, LOCATION! 223 Broadway is conveniently located in the city of Rensselaer's Downtown business district at the corner of Broadway and Ferry Street. Located just off the 787 entrance ramp, seconds to route 9 & 20, downtown Albany and just a couple of minutes to I-87 North and South bound as well as I-90 East & West bound. The property offers plenty of off-street parking with15-20 spaces in rear., an 8,500 sq ft solid block building, with brick facade & vinyl siding. It features 16' ceilings, a full basement and three phase/400V electric. Updates include new rubber roof in 2025 and heating system. Currently operating as an auto parts business which is also available for sale. See docs for Bulk and Use Table: MU-1 Downtown Mixed-Use.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,500 SF
Building Class
C
Year Built
1928
Price
$1,500,000
Price Per SF
$176.47
Tenancy
Single
Building Height
1 Story
Building FAR
0.70
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
M1 Downtown Mixed Use - See Docs.
Parking
15 Spaces (1.76 Spaces per 1,000 SF Leased)
Frontage
71’ on Broadway Aly
AMENITIES
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1400-143.67-1-7.2 | Improvements Assessment | $133,000 |
| Land Assessment | $24,000 | Total Assessment | $157,000 |
PROPERTY TAXES
Parcel Number
1400-143.67-1-7.2
Land Assessment
$24,000
Improvements Assessment
$133,000
Total Assessment
$157,000
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223 Broadway
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