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Listed by Philip Sabatino • Hanna Commercial

$ 324,000

Est. payment -/mo

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New

662 Central Avenue Albany, NY 12206

3 Baths

2,968 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,968 sqft

Price per Sqft $109

MLS Listing ID 202629307

Year Built 1975

Annual Tax Amount $7,142

Lot Size 2,037 Sqft

Acres 0.05

Lot Dimensions 21.3 x 97

Property Sub-Type Mixed Use

Source Global MLS

Property Description

Two adjacent buildings, one Central Avenue opportunity. 662 Central Avenue is a three story mixed use building on Albany's primary commercial artery, with more than 24,000 vehicles passing daily and CDTA's busiest transit line at the door. The ground floor is the longtime home of Caffe Italia Ristorante, one of the corridor's best known restaurant addresses. With most equipment removed, it is a clean slate for the next restaurant or retail concept. Two one bedroom apartments above provide residential income. Offered together with the adjacent two family at 664 Central Avenue, the package combines four apartments and ground floor commercial space on side by side parcels in a dense, walkable neighborhood. A rare value add assemblage for an experienced investor.

Location

State NY

County Albany

Zoning Mixed

Direction From I-90: Take Exit 5 (Everett Road) toward Albany. Follow Everett Road south to Central Avenue (Route 5). Turn left onto Central Avenue toward downtown Albany and continue approximately 0.8 miles; 662 Central Ave is in the 600 block, just past Rawson Street. Four on-site parking spaces are at the rear of the building.

Interior

Heating Natural Gas

Exterior

Roof Type Rubber

Building

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Albany

Others

Tax ID 010100 64.36-1-5

Keith Ratliff

NYS Licensed Real Estate Salesperson License ID: 10401395101

+1(518) 253-7316 | keithkratliff@gmail.com

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