329 N Pearl Street, Albany, NY 12207
Local realty services provided by:CENTURY 21 Elite Realty
329 N Pearl Street,Call Listing Agent, NY 12207
$750,000
- 1.5 Acres
- Lots / Land
- Active
Listed by: jeffries blackerby, anthony dargenzio
Office: houlihan lawrence, inc
MLS#:1053214
Source:OneKey MLS
Price summary
- Price:$750,000
About this home
Introducing 329 North Pearl Street, a prime income-generating, 1.5-acre parcel in downtown Albany's Central Business District, currently leased to Capital Repertory Theatre (theREP) for use as a parking lot. The property is being offered at a price significantly below its most recent assessment, with further development potential awaiting a new owner. With C-3 zoning, the city’s broadest commercial designation, the site could support a range of development including large-scale retail, professional offices, hotel, and restaurant.
The location is one of its strongest assets. The site sits directly across the street from a midsize residential development, in a growing mixed-use pocket of downtown that blends cultural destinations, established businesses, and new residential construction, a combination that makes this a prime opportunity in the heart of Albany.
•1.5 acres in downtown Albany's C-3 Central Business District, fronting North Pearl Street
•Currently leased to Capital Repertory Theatre (theREP) for use as a parking lot, generating monthly income
•Lease expires 2035
•451 feet of frontage along North Pearl Street
•282 feet of frontage along Colonie Street
•C-3 (Central Business District) zoning, Albany's widest commercial-use designation
•Paved, 44-space surface parking lot on the developed portion of the site, with the balance held as wooded, undeveloped land.
•Direct access to I-787 and Route 9 via the Clinton Avenue and Livingston Avenue exits; CDTA bus routes and Albany-Rensselaer Amtrak station nearby
•Rezoned from C-1 to C-3 by the City of Albany in 2002...
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Home facts
- Listing ID #:1053214
- Added:32 day(s) ago
- Updated:October 25, 2026 at 10:55 AM
Structure and exterior
- Lot area:1.5 Acres
- Lot Features:Level
Schools
- High school:Albany High School
- Middle school:Albany High School
- Elementary school:Albany School Of Humanities
Finances and disclosures
- Price:$750,000
- Tax amount:$45,460 (2026)
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