Bought with Matthew J Smith • Washington Park Group, LLC
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113-125 Sheridan Albany, NY 12210
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Key Details
Sold Price $750,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 34,000 sqft
Price per Sqft $22
MLS Listing ID 202317290
Sold Date 11/01/24
HOA Y/N No
Originating Board Global MLS
Year Built 1940
Annual Tax Amount $34,535
Lot Size 0.800 Acres
Acres 0.8
Lot Dimensions 141x99
Property Sub-Type Industrial
Property Description
Large two story office/warehouse buildings totaling ~34,000 sf between Sheridan Avenue and Orange Street. Two floors of warehouse space. These buildings present a great opportunity for an owner/user to supplement their mortgage payment with rental income, or an investor. Buildings include a 30,000 square foot, two story warehouse/office with 2 overhead doors on Sheridan Ave and one loading dock on Orange St. Also included is private garage space, 2 vacant lots for parking/storage, and a 3 story mixed use building that can be converted to multifamily or continued to be used as office space. Separate ½ acre vacant lot across the street could be packaged into the sale. 11% cap rate, ability to reduce vacancies and increase rent. 150-162 Orange St. included in sale.
Location
State NY
County Albany
Zoning Industrial
Direction I 787 to exit 4, head towards Pearl St, left onto Sheridan Ave, building is on the right.
Interior
Heating Forced Air, Radiant, Natural Gas
Flooring Concrete
Exterior
Parking Features Paved, Private
Building
Sewer Public Sewer
Water Public
Architectural Style Office
New Construction No
Schools
School District Albany
Others
Tax ID 010100 65.81-6-67
Special Listing Condition Standard
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