$324,000

662 Central Avenue, Albany NY, 12206

Price per sqft$109.16

Built in1975

Property size2,968 sqft

Property typeCommercial

Overview

Active

Listed Oct 30, 2026

Updated 4 days ago

Two adjacent buildings, one Central Avenue opportunity. 662 Central Avenue is a three story mixed use building on Albany's primary commercial artery, with more than 24,000 vehicles passing daily and CDTA's busiest transit line at the door. The ground floor is the longtime home of Caffe Italia Ristorante, one of the corridor's best known restaurant addresses. With most equipment removed, it is a clean slate for the next restaurant or retail concept. Two one bedroom apartments above provide residential income. Offered together with the adjacent two family at 664 Central Avenue, the package combines four apartments and ground floor commercial space on side by side parcels in a dense, walkable neighborhood. A rare value add assemblage for an experienced investor.

Additional information

MLS^® ID: 202629307

Interior Features

Bathrooms: 3
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.05 Acres

Other Property Details

Taxes: $7,143
Tax Frequency: Annually

Listed by Philip Sabatino with Hanna Commercial
Listing Contact: 518-376-2717

The IDX display contains information sourced from Global MLS as of 10/31/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 10/31/2026 at 5:15 AM UTC