261 New Scotland Avenue, Albany, NY 12208

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Property Description

Excellent mixed use opportunity on Albany's historic New Scotland Ave! This property features 4 occupied apts (1 studio/3-1 bed) and showcases an iconic, street-level restaurant space inhabited by a local favorite with a proven track record. Walking distance to community pillars such as St. Peter's Hospital, Albany Med, Sage Colleges, Albany Law School, and many more. Driveway included with property located on Grove Ave. Studio-$475, 2nd flr 1 beds-$875 and $925, 1st flr 1 bed-$725. All below market value with room for improvement! All units are metered separately (electric heat). **Showings will be conducted periodically throughout week in groups, contact LA1 for more info. Restaurant tenant has right of first refusal.** First flr apt will be vacant upon closing. New Pro Forma included in docs.

261 New Scotland Avenue | MLS# 202614498

This commercial property located at 261 New Scotland Avenue, Albany, NY 12208 is currently listed for sale with an asking price of $499,800. New Scotland Avenue is located within the Albany school district. Search Albany real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Commercial - Investment
Cooling: Window Unit(s)
Heating: Baseboard, Electric
Lot Size: 0.07 Acres
Roof Type: Rubber, Asphalt
Stories: 2.0
Taxes: $12,913
Year Built: 1950

Feature Descriptions

Current Use: Apartment Plus, Restaurant
Exterior: Aluminum Siding, Brick
Exterior: Other
Flooring: Hardwood, Laminate
Lot Dimensions: 32x100
Parcel #: 010100 75.28-3-38
Parking: On Street
Parking Total: 3
Parking Total: 3
Patio/Porch: Patio
Sewer: Public Sewer
SQFT Building Total: 3720
Water: Public

Local Schools

High School: Albany
Elementary School: New Scotland Elementary
School District: Albany

Demographics

Listed By / Shown By

Listing By

Agency Name: Gucciardo Real Estate LLC
Agency Phone: 1 518-221-9079

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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