54 James Street, Albany, NY 12207, Albany

Positioned directly across from Tricentennial Park, 54 James Street offers a standout opportunity to own a mixed-use property in one of downtown Albany’s most walkable and amenity-rich corridors. The street-level commercial space benefits from prime visibility, steady pedestrian traffic, and picturesque park views–an ideal setting for retail, office, or service use.

The current commercial tenant is flexible and may remain under a new lease, negotiate the sale of the business or equipment, or relocate should an owner-occupant wish to utilize the space.

Upstairs, a one-bedroom apartment is leased through August 2026, delivering dependable income from day one. Importantly, current rents are below market, presenting a clear value-add opportunity for future rent increases and improved cash flow. The apartment could also serve as a private office or live/work space, adding versatility to the property’s income profile.

The roof was replaced in August 2020. Occupants enjoy immediate access to downtown offices, restaurants, entertainment venues, public transit, and year-round events at the park directly across the street.

Offered AS-IS, with buyers to perform their own due diligence. Whether you are an investor seeking rental upside or an owner-occupant looking for a high-visibility location with supplemental income, 54 James Street presents a compelling opportunity in the heart of Albany. Showings by appointment only. Please do not disturb tenants.