54 James Street, NY 12207

Property Description

PRICE IMPROVEMENT! Exceptional mixed-use investment or owner-user opportunity located directly across from Tricentennial Park in one of downtown Albany's most walkable corridors. Beginning August 15, both the street-level commercial space and second-floor one-bedroom apartment will be delivered vacant, allowing the next owner to establish market rents, occupy the commercial space, or create a live/work arrangement. The street-level commercial space offers excellent visibility, steady pedestrian traffic, and existing restaurant infrastructure, including a built-in commercial kitchen hood, grease trap, and private restroom, while remaining adaptable for restaurant, café, bakery, retail, office, professional services, salon, or other permitted commercial uses. The second-floor one-bedroom apartment provides an excellent opportunity for rental income or owner occupancy. Additional highlights include a roof replaced in August 2020 and convenient access to downtown businesses, restaurants, government offices, public transportation, and major highways. Both the commercial space and apartment are also being offered for lease, providing additional flexibility for investors, owner-occupants, and prospective tenants. Both the commercial space and residential apartment are also available for lease, providing additional flexibility for investors, owner-occupants, and prospective tenants. Property is being sold AS-IS. Buyers should perform their own due diligence. Showings by appointment only.