497 Washington Avenue, Albany, NY 12206

• 2 beds |
• 1 bath |
• 1,924 sqft

Property Description

Don't miss one of the best-priced commercial opportunities in Pine Hills! This mixed-use property offers immediate income with future upside in a highly visible location for your next business, just one block from the UAlbany Downtown Campus. The second floor features a leased 2-bedroom apartment secured through May 2027, providing stable income from the start. The vacant first-floor commercial space offers incredible flexibility. It is currently vacant and ready for your vision -- ideal for retail, office, studio, or service-based business. Close to Washington Park, the SUNY Albany downtown campus, and directly on the bus line, this property benefits from strong tenant demand, visibility, and convenience. This is a rare opportunity to secure a well-located mixed-use property in one of Albany's most active rental corridors with built-in income and future growth potential.

Listing Status:

Active

Date Added:

February 21, 2026

Data Last Updated:

May 20, 2026 at 7:37AM

Listing Office:

HS Capital Realty LLC : 518-729-8278

Listing Agent:

Elizabeth Koprucki : 518-795-7016

MLS ID:

202612292

Interior

• Basement: Unfinished
• A/C: None
• Heating:

Exterior

• General: None
• Style: Other
• Parking: Parking spaces: 1

Construction

• General: Aluminum SidingBrick

Location

• Originating MLS: Global MLS
• School District: Albany
• County: Albany

Lot

• Zoning: 010100 65.54-4-63

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: Global MLS