54 James Street, Albany, NY 12207, Albany

PRICE REDUCED BY $50,000! Seize this standout opportunity to own a versatile mixed-use property positioned directly across from Tricentennial Park in one of downtown Albany’s most walkable corridors. This value-add asset features a high-visibility street-level commercial space with prime pedestrian traffic and picturesque park views–ideal for retail, office, or service use. The current commercial tenant is flexible, offering options for a new lease, business sale, or relocation for an owner-occupant. Upstairs, a one-bedroom residential unit leased through August 2026 provides immediate income, with significant upside as current rents are well below market value. This space also offers the flexibility to serve as a private office or live/work suite. With a roof replaced in August 2020 and immediate access to downtown offices, dining, and transit, this property is a compelling find for investors and owner-occupants alike. Offered AS-IS; buyers to perform own due diligence. Showings by appointment only–please do not disturb tenants.