Owner Financing Available – Sold AS IS – Priced Under Sixty Thousand
This historic Victorian property presents a rare opportunity for investors or entrepreneurs seeking a renovation project with strong commercial potential in Albany. With impressive architectural character, high visibility, and substantial square footage, the property offers significant upside for buyers willing to restore and reposition it.
The home features five bedrooms, two bathrooms, nearly thirty five hundred square feet of interior space, and seven fireplaces, creating a striking presence rarely found at this price point.
Recently reduced in price, the property reflects its renovation needs while offering exceptional value for those with vision.
Victorian craftsmanship remains one of the home’s most appealing qualities. Spacious rooms, tall ceilings, and decorative elements highlight the artistry of the era. Two of the fireplaces include carved detailing and decorative mirrors, features that could become focal points in either residential restoration or commercial conversion.
With its generous layout, the property is well suited for adaptive reuse. Possible future uses, subject to zoning approval, may include professional offices, boutique businesses, counseling or consulting space, event use, or mixed residential and commercial occupancy. Its location along busy streets provides valuable exposure for businesses seeking accessibility and visibility.
The home is being sold strictly AS IS and requires significant renovation. Improvements may include structural repairs, system upgrades, interior modernization, and exterior restoration.
However, the low acquisition price allows investors room to allocate renovation budgets strategically while still maintaining strong investment potential.
Owner financing availability further enhances flexibility for qualified buyers, offering an alternative path for acquisition and allowing investors to reserve capital for renovation expenses.
Albany continues to serve as an important regional center with commercial activity, professional services demand, and growing redevelopment interest, making well-located properties increasingly attractive for investment.
This opportunity is especially suited for investors seeking value-add projects, professionals looking to create distinctive office space, developers exploring adaptive reuse, or restoration enthusiasts eager to preserve historic architecture.
This property is not move-in ready, but it offers size, character, and location at a price rarely seen in today’s market. For the right buyer, the potential for transformation and long-term return is substantial.
Price reduced. Bring your vision. Bring your offer.
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