Shelly Nichols
Licensed Real Estate Salesperson
REALTOR®
Sidney, NY
Office: (607) 604-4394 (607) 437-6317
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261 Central Avenue, Albany, NY 12206

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$2,199,000 Active
0 Beds 0 Baths 0 Partial Bath 5,952 Sq Ft 0.05 Acres
Year Built 1930 MLS #202622391
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Property Description

Excellent investment opportunity in the heart of Albany's Central Avenue commercial corridor. The building offers a combination of 1 commercial and 6 residential spaces, making it ideal for investors seeking stable cash flow or owner-users looking to occupy while generating rental income. Offering includes 248 Sherman, a 7 unit residential/ 2 commercial property offering an excellent opportunity for both seasoned investors and owner-occupants. Property has been professionally managed and features solid rental potential in a convenient Albany location with easy access to downtown, major highways, hospitals, schools, and public transportation.

261 Central Avenue | MLS# 202622391

This commercial property located at 261 Central Avenue, Albany, NY 12206 is currently listed for sale with an asking price of $2,199,000. Search Albany real estate on shelly-nichols.timberlandproperties.com today.

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Property Features

Property Type: Commercial - Investment
Cooling: Central Air, Wall Unit(s)
Heating: Electric, Heat Pump
Lot Size: 0.05 Acres
Stories: 3.0
Taxes: $17,073
Year Built: 1930

Feature Descriptions

Current Use: Apartment Plus, Mixed Use, Office warehouse
Exterior: Block, Brick
Flooring: Vinyl, Laminate
Lot Dimensions: 32.9X67.5
Parcel #: 010100 65.63-2-66.1
Parking: Metered, Off Street
Parking Total: 0
Sewer: Public Sewer
SQFT Building Total: 5952
Water: Public
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261 Central Avenue, Albany, NY 12206

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Listed By / Shown By

Listing By

Agency Name: Realty One Group Key
Agency Phone: 1 518-630-5360

Shown By

Agent Name: Shelly Nichols
Agent Phone: (607) 437-6317
Agency Title: Timberland Properties

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Shelly Nichols
Shelly Nichols Licensed Real Estate Salesperson Cell: (607) 437-6317 Email Me
All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/23/2026. The listing information on this page last changed on 07/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 07/23/2026 12:01:25 AM EST) or Global MLS (last updated Wed 07/22/2026 11:52:27 PM EST) or New York State Alliance MLS (last updated Wed 07/22/2026 11:59:05 PM EST) or Hudson Valley Catskill Region MLS (last updated Wed 07/22/2026 11:51:19 PM EST) or OneKey MLS (last updated Wed 07/22/2026 11:53:29 PM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.
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