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Colonial Cleaners 177 N Allen St 3,122 SF Retail Building Albany, NY 12206 $424,582 CAD ($136.00 CAD/SF)

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Investment Highlights

  • Long standing business
  • heavy foot traffic and on bus lines
  • on main rd

Executive Summary

177 North Allen Street presents a compelling commercial investment opportunity in a highly visible corner location between Central Avenue and Washington Avenue. The longtime home of Colonial Cleaners, this well-established business successfully operated at the site for decades, demonstrating sustained demand driven by strong neighborhood density and commuter traffic. Zoned COR – Commercial Office Retail, the property allows for a wide range of uses, including office, retail, service, and mixed commercial applications. Existing dry-cleaning equipment is included and reported to be in good working order, offering a turnkey option for continued use or a solid platform for repositioning or adaptive reuse. While the building requires some TLC, its prime location, flexible zoning, and proven operating history create a clear value-add opportunity. Well-suited for investors, developers, or owner-users seeking upside in a desirable and active commercial corridor.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,122 SF
Year Built
1920
Price
$424,582 CAD
Price Per SF
$136.00 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.14
Lot Size
0.50 AC
Frontage
30’ on Allen Street

Amenities

  • 24 Hour Access
  • Corner Lot
  • Security System
  • Signage
  • Signalized Intersection
  • Storage Space
  • Fiber Optic Internet
  • Smoke Detector
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Hannaford
TrustCo Bank
Citizens Bank
Bank of America
Five Guys
Chase Bank
Starbucks
Price Chopper
KeyBank
Rent-A-Center
  • Listing ID: 39488747

  • Date on Market: 2026-02-19

  • Last Updated:

  • Address: 177 N Allen St, Albany, NY 12206

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