Mixed-Use Office / Restaurant Opportunity 22 Clinton Ave 16,000 SF Vacant Office Building Albany, NY 12207 $1,990,000 ($124.38/SF)
INVESTMENT HIGHLIGHTS
- Spectacular Location in ther Heart of Downtown Albany
- Excellent Condition with No Deferred Maintenance
- On-site Parking for 18 Vehicles
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Bus Line
- Restaurant
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Recently renovated class A mixed-use office / retail building located in the heart of Downtown Albany directly across from The Palace Theater. +/-16,966 SF on +/-0.21 acres. Two parcels: 22 and 24 Clinton Ave. Three stories plus finished basement. First floor restaurant space was former home of The Brown Derby with restaurant infrastructure in place. Upper two floors consist of recently renovated Class A office space currently owner occupied by a law firm. (18) on-site surface parking spaces. Passenger elevator. ADA Accessible. Building is in excellent condition and very well maintained. Available For Lease at $24.00 PSF modified gross plus utilities and janitorial. Also available For Sale at $2,890,000.
Recently renovated class A mixed-use office / retail building located in the heart of Downtown Albany directly across from The Palace Theater. +/-16,966 SF on +/-0.21 acres. Two parcels: 22 and 24 Clinton Ave. Three stories plus finished basement. First floor restaurant space was former home of The Brown Derby with restaurant infrastructure in place. Upper two floors consist of recently renovated Class A office space currently owner occupied by a law firm. (18) on-site surface parking spaces. Passenger elevator. ADA Accessible. Building is in excellent condition and very well maintained. Available For Lease at $24.00 PSF modified gross plus utilities and janitorial. Also available For Sale at $2,890,000.
Recently renovated class A mixed-use office / retail building located in the heart of Downtown Albany directly across from The Palace Theater. +/-16,966 SF on +/-0.21 acres. Two parcels: 22 and 24 Clinton Ave. Three stories plus finished basement. First floor restaurant space was former home of The Brown Derby with restaurant infrastructure in place. Upper two floors consist of recently renovated Class A office space currently owner occupied by a law firm. (18) on-site surface parking spaces. Passenger elevator. ADA Accessible. Building is in excellent condition and very well maintained. Available For Lease at $24.00 PSF modified gross plus utilities and janitorial. Also available For Sale at $2,890,000.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 7,867 SF | Restaurant | Full Build-Out | Now |
| 2nd Floor | 3,872 SF | Office | - | Now |
| 3rd Floor | 3,849 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 7,867 SF |
| Space Use |
| Restaurant |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 3,872 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Floor
| Size |
| 3,849 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 010100-076-026-0001-027-000-0000 | Improvements Assessment | $1,150,900 (2023) |
| Land Assessment | $103,100 (2023) | Total Assessment | $1,254,000 (2023) |
