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$199,900

Est. payment - /mo

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1 Bed

1 Bath

17,100 SqFt

Pending

503-525 Albany ST Little Falls, NY 13365

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Abby M. Russell

abby@russellsolutionsre.com +1(607) 846-0456

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 17,100 sqft

Price per Sqft $11

MLS Listing ID S1719454

Bedrooms 1

Full Baths 1

Construction Status Existing

HOA Y/N No

Year Built 1920

Annual Tax Amount $7,772

Lot Size 3,598 Sqft

Acres 0.0826

Lot Dimensions 100X36

Property Sub-Type Mixed Use

Property Description

What if you were presented with a blank canvas to launch your next adventure? Directly located between two of Central New York's main metro hubs and airports of Syracuse and Albany. What type of project would you create? Perhaps a multi-family lofts/apartments project, an entertainment venue, a specialty manufacturing space, medical/professional offices, a restaurant or perhaps a mixed-use commercial property. Let me introduce you to 503 to 525 Albany Street. This intriguing redevelopment opportunity is centered on one of the most prominent streets within the city and one block from the Main Street that is in full swing of recreating 3 of the large buildings into luxe condos and business opportunities. ‘Downtown Little Falls' is the oldest neighborhood and an up-and-coming mix-use destination on a path to creating upscale dining, taverns, specialty shopping, cafes and coffee shops. The district stretches from the American Main Street to the historic Canal district with reimagined factory buildings. As a mixed commercial area, creative minded developers are sought to purchase and redevelop this 17,000 Sq. foot building with its 4 stories of: 2 stories open warehouse/storage space, high ceilings that are spacious and unfinished. The third level has been set up and used as living space. Main level is currently rented to 2 commercial entities. This property offers gas and electric utilities and high-speed internet. 3 heating units were replaced in 2017 located in the 2 main floor spaces and third floor apartment. Also included is Central Air. Originally built in 1920s, much of the existing infrastructure may be re-utilized, depending on the project. In Dec. 2021, Little falls was selected to receive 10 million in grant funding to implement transformative capital projects in its downtown area as part of Round Five of the Downtown Revitalization Initiative the DRI, The DRI is a New York State grant program designed to catalyze public and private investment in urban centers with significant opportunities for redevelopment, business growth, job creation and an improved quality of life for all. Make a memorable legacy for the future generations to enjoy.

Location

State NY

County Herkimer

Area Little Falls-City-210900

Rooms

Basement Partial

Interior

Heating Gas, Forced Air

Flooring Carpet, Hardwood, Varies, Vinyl

Fireplace No

Appliance Electric Water Heater

Exterior

Utilities Available Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected

Roof Type Asphalt,Flat

Building

Lot Description Irregular Lot, Near Public Transit, Residential Lot

Story 4

Foundation Stone

Sewer Connected

Water Connected, Public

Structure Type Brick

Construction Status Existing

Schools

School District Little Falls

Others

Senior Community No

Tax ID 210900-114-068-0007-019-000-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by River Hills Properties LLC Barn

NEARBY SCHOOL & BUSINESS

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Abby M. Russell

Licensed Associate Broker License ID: 1030121086

+1(607) 846-0456

503-525 Albany ST Little Falls, NY 13365

Abby M. Russell

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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503-525 Albany ST