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About the Listing o3100A - 30357
Positioned directly across from Tricentennial Park, 54 James Street offers a standout opportunity to own a mixed-use property in one of downtown Albany's most walkable and amenity-rich corridors. The street-level commercial space benefits from prime visibility, steady pedestrian traffic, and picturesque park views--an ideal setting for retail, office, or service use. The current commercial tenant is flexible and may remain under a new lease, negotiate the sale of the business or equipment, or relocate should an owner-occupant wish to utilize the space. Upstairs, a one-bedroom apartment is leased through August 2026, delivering dependable income from day one. Importantly, current rents are below market, presenting a clear value-add opportunity for future rent increases and improved cash flow. The apartment could also serve as a private office or live/work space, adding versatility to the property's income profile. The roof was replaced in August 2020. Occupants enjoy immediate access to downtown offices, restaurants, entertainment venues, public transit, and year-round events at the park directly across the street. Offered AS-IS, with buyers to perform their own due diligence. Whether you are an investor seeking rental upside or an owner-occupant looking for a high-visibility location with supplemental income, 54 James Street presents a compelling opportunity in the heart of Albany. Showings by appointment only. Please do not disturb tenants.
Interior Details
- Bedrooms: 0
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Baseboard,Electric,Natural Gas
- Fireplaces:
- Floor: Tile,Vinyl,Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Interior Entry,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Road Frontage
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 24.6 X 21.3
- Zoning: Mixed
- Roof: Flat,Rubber
- Others:
- Sewer: Public Sewer
- Parking Features: Public Parking,On Street
Financial Details
- Tax Amount: $7,047
- Taxes w/Assessments: N/A
- Tax/Property ID: 010100 76.34-3-7
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
54 James St Albany, NY 12207
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