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Priced at $649,000, this 4,123 square foot retail asset at 204 Lancaster St provides a versatile commercial footprint in Albany. The property currently functions as executive office space, offering a functional layout suitable for professional services, boutique retail operations, or specialized business headquarters. Situated within the capital city of New York, this location benefits from proximity to state government hubs and the established urban infrastructure of Albany. Investors and business owners will find this an accessible entry point into the local market, supported by the density and professional activity common to the downtown business district. The existing configuration adapts well to various operational needs, whether maintaining the current office use or transitioning to a retail-facing enterprise. This facility represents a stable acquisition for those looking to establish a presence within a central Northeast corridor known for its steady government and academic-driven economy.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.