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662 Central Avenue Albany, NY $ 324,000
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662 Central Avenue
$ 324,000
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662 Central Avenue

Albany, NY, 12206
$ 324,000
Bedrooms-- Baths3.0 Sq 2,968

Monthly Estimate*

$ 2,238

662 Central Avenue, Albany, NY 12206 - Image 1
662 Central Avenue, Albany, NY 12206 - Image 2
662 Central Avenue, Albany, NY 12206 - Image 3

Commercial Property for sale in Albany, NY

for $324,000 with 3 full baths. This 2,968 square foot building was built in 1975 on a lot size of 0.05.

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.

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Commercial Active

Price

$ 324,000

Full Bath

3

Property Type

Commercial

Taxes

$ 7,142

Style

Mixed Use

Lot Size

0.05

Year Built

1975

Town/City

Albany

County/Region

Albany

MLS | Web ID

202629307
Features
General
Sewer Public Sewer
Heating Natural Gas
Cooling Central Air
Possession At Closing
Roof Rubber
Zoning Mixed
Construction Materials Brick
Year Built 1975
Tenant Pays Electricity
Property Subtype Mixed Use
Current Use Mixed Use
Business Type Restaurant
County Albany
New Construction false
Property Type Commercial Sale
HOA N
Possible Use Business Office Office/Retail Restaurant Retail Tavern Other Convenience Store Multi-Family
Status Active
Directions 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; 6
High School Albany
City Albany
High School District Albany
Lot Size Units Acres
Lot Size Square Feet 2037
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 7142.65
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 0
Tax Lot 5.000
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Exterior
Water Source Public
Total Parking 0
Lot Size Area 0.05
Number of Buildings 1
Spa N
Building Area Total 2968
Lot Dimensions 21.3 x 97
Lot Size Acres 0.05
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N true
Heating Y/N true
Total Baths 3
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Internal Only
Street Number 1 662
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* Excluded Features
List By
Philip Sabatino

Listing Agent

Hanna Commercial

Broker

(518) 376-2717

Phone

PhilipSabatino@hannaCre.com

Email

Affordability Calculator

$2,833
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,238
Monthly Property Taxes
$595
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
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Pricing History
DatePricePrice ChangeDescription
10/30/2026$324,000 Listed Price

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662 Central Avenue, Albany, NY, 12206 is a Commercial Property for sale at $324,000 with 2,968 sqft and a lot size of 0.05. 662 Central Avenue has 3.0 baths and was built in 1975. The property's zip code is 12206 which is in Albany, NY

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