This historic Victorian property presents a unique opportunity for investors, developers, or entrepreneurs seeking a renovation project with strong upside potential in Albany. Rich in architectural character and positioned in a highly visible location, this property offers the perfect foundation for a transformative investment.
The home features five spacious bedrooms, two bathrooms, and expansive interior living space, highlighted by seven fireplaces that add charm and distinction rarely found in properties at this price level. Its recent price adjustment reflects the renovation required while creating an attractive entry point for buyers with vision.
Original Victorian craftsmanship remains evident throughout the property, with large rooms, high ceilings, and decorative details that showcase the elegance of a bygone era. Select fireplaces feature intricate carvings and decorative mirrors, offering standout design elements that can be beautifully restored.
With its generous layout and prominent location, the property is well suited for a variety of uses, subject to zoning approval. Potential options include professional offices, boutique commercial space, consulting or counseling offices, event venues, or a mixed-use residential and business concept.
The property is being sold strictly as-is and will require substantial renovation, including structural updates, system improvements, interior upgrades, and exterior restoration. However, the attractive purchase price allows investors to strategically allocate funds toward improvements while maintaining strong return potential.
Owner financing is available for qualified buyers, providing added flexibility and an alternative path to acquisition while preserving capital for renovation.
Albany continues to grow as a regional hub for business and services, increasing the appeal of well-located properties with redevelopment potential.
This offering is ideal for investors seeking value-add opportunities, professionals envisioning a distinctive workspace, developers pursuing adaptive reuse projects, or buyers passionate about restoring historic properties.
While not move-in ready, this property offers size, character, and location at a value that is increasingly rare. For the right buyer, the potential for transformation and long-term return is significant.
Price reduced. Bring your vision. Bring your offer.
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