329 N Pearl Street,Call Listing Agent, NY 12207
Call Listing Agent, NY 12207
Description
Introducing 329 North Pearl Street, a prime income-generating, 1.5-acre parcel in downtown Albany's Central Business District, currently leased to Capital Repertory Theatre (theREP) for use as a parking lot. The property is being offered at a price significantly below its most recent assessment, with further development potential awaiting a new owner. With C-3 zoning, the city's broadest commercial designation, the site could support a range of development including large-scale retail, professional offices, hotel, and restaurant.The location is one of its strongest assets. The site sits directly across the street from a midsize residential development, in a growing mixed-use pocket of downtown that blends cultural destinations, established businesses, and new residential construction, a combination that makes this a prime opportunity in the heart of Albany.1.5 acres in downtown Albany's C-3 Central Business District, fronting North Pearl StreetCurrently leased to Capital Repertory Theatre (theREP) for use as a parking lot, generating monthly incomeLease expires 2035451 feet of frontage along North Pearl Street282 feet of frontage along Colonie StreetC-3 (Central Business District) zoning, Albany's widest commercial-use designationPaved, 44-space surface parking lot on the developed portion of the site, with the balance held as wooded, undeveloped land.Direct access to I-787 and Route 9 via the Clinton Avenue and Livingston Avenue exits; CDTA bus routes and Albany-Rensselaer Amtrak station nearbyRezoned from C-1 to C-3 by the City of Albany in 2002
Details
| MLS # | 1053214 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 14 |
| Listing Provided By | Houlihan Lawrence, Inc | Jeffries Blackerby |
Features
| Acreage | 1.50 |
|---|---|
| Property View | Neighborhood |
Exterior
| Lot Features | City Lot, Level |
|---|
Utilities
| Sewer | None |
|---|
Taxes
| Tax Year | 2026 |
|---|---|
| Tax Annual Amount | 45460 |
Area Information
| State | NY |
|---|---|
| County | Albany County |
| City | Call Listing Agent |
| Zip Code | 12207 |
| School District | Albany High School |
| Elementary School | Albany School Of Humanities |
| High School | Albany High School |
| Listing VS Median (in 12207) | |
Price: $750,000 low | high Med: $0 On site: 14 low | high Med: | |
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Learn More About This Property
| State | NY |
|---|---|
| County | Albany County |
| City | Call Listing Agent |
| Zip Code | 12207 |
| School District | Albany High School |
| Elementary School | Albany School Of Humanities |
| High School | Albany High School |
| Listing VS Median (in 12207) | |
Price: $750,000 low | high Med: $0 On site: 14 low | high Med: | |
