Description

Investor Opportunity: Historic Downtown Building with Office Space! Unlock the potential of this remarkable two-story commercial building at 240 W Broad Ave, offering 10,962 square feet of space in the heart of Albany's historic downtown. This property is ideal for investors seeking a value-add asset with existing infrastructure, flexible layout, and multiple income-generating possibilities. The second floor is already filled with office spaces, making it move-in ready for professional tenants. With soaring ceilings, original wood trim and doors, classic brick flooring, and oversized windows that flood the space with natural light, the space is filled with timeless charm. The intricate details like the original woodwork, exposed brick, and elegant window frames give this property an unmatched character that will attract both tenants and visitors. The existing layout makes it easy to divide into private offices, lease as a co-working hub, or transform into high-end lofts, boutique studios, or even event space—all while preserving the building's historic charm and architectural elegance. Downstairs, the first floor has begun renovations and offers a blank canvas ready for transformation. The open floor plan and flexible zoning allow for a variety of uses, whether it be retail, restaurant, creative workspaces, or additional office suites. The space is ready to be customized to meet modern demands, with the opportunity to incorporate the same historical elements like exposed brick, oversized windows, and wood accents that define the upstairs. The building itself exudes an undeniable sense of history, with classic brick exterior details, tall windows, and original architectural features that have been thoughtfully maintained. Fresh exterior paint has enhanced the building's curb appeal, adding to its historic charm while showcasing the enduring character that will stand out in the revitalizing downtown district. This property offers an elegant blend of old-world craftsmanship and modern possibilities, making it a true standout in the area. With its ready-to-go office space upstairs, renovation potential downstairs, and multiple paths to cash flow and appreciation, 240 W Broad Ave offers a rare chance to acquire a character-rich, income-producing asset in a historic downtown setting. Positioned in a district that is seeing increased attention and investment, this property is primed for long-term value and growth.

Property Details

Property Type

Commercial Sale

Living Area

8,994 sq ft

Lot Size

0.29 acres

Year Built

1920

County

Dougherty

Sold Price

$230,000

Sold Date

November 6, 2025

Last List Price

$269,900

Price History

1. Nov 6, 2025 Sold MLS# 164726 $230,000
2. Aug 12, 2025 Price Reduced MLS# 164726 $269,900 -$5,100

Location