Historic Victorian Landmark with Commercial Potential

Historic Victorian Landmark with Commercial Potential – 5 Bedrooms, 7 Fireplaces, Nearly 3,500 Sq Ft

Opportunities like this are increasingly rare—especially at this price point. This grand Victorian home in Albany offers an extraordinary combination of historic character, size, and commercial potential, all priced under $70,000. With nearly 3,500 square feet, five bedrooms, two bathrooms, and an astonishing seven fireplaces, this property stands as a true architectural gem waiting for restoration and reinvention.

While the home does require significant renovation and is being sold “as is,” its scale, location, and historic details make it a standout investment opportunity for developers, investors, or owner-users with vision.

A True Victorian with Remarkable Architectural Details

This home reflects the craftsmanship and elegance of the Victorian era—features that are difficult, if not impossible, to replicate today. Among its most impressive elements are seven fireplaces, two of which are elaborately carved and adorned with decorative mirrors. These statement fireplaces alone speak to the home’s historic significance and original grandeur.

Fireplaces of this nature often become the focal points of restored properties, adding charm, authenticity, and substantial value. With proper renovation, these features could once again shine as centerpieces of elegant offices, meeting rooms, or reception areas.

Spacious Layout with Nearly 3,500 Square Feet

With almost 3,500 square feet of interior space, the home offers exceptional flexibility. The generous square footage allows for multiple configurations depending on the buyer’s vision. The current layout includes:

• Five bedrooms, easily adaptable into private offices, exam rooms, or meeting spaces

• Two bathrooms, with potential for expansion or reconfiguration

• Large rooms with high ceilings, ideal for professional or commercial use

• Multiple fireplaces that naturally define rooms and create inviting spaces

The scale of the home makes it suitable not only for residential restoration but also for a wide range of commercial or professional uses, subject to zoning and approvals.

Prime Commercial Location in Albany

One of the strongest advantages of this property is its commercially favorable location. Positioned along busy streets in Albany, the home benefits from strong visibility and accessibility—key factors for professional offices or service-based businesses.

This property would be particularly well-suited for:

• A doctor’s office or medical practice

• A law firm or professional services office

• A boutique business, consultancy, or creative workspace

• Mixed-use possibilities, depending on zoning

The combination of historic charm and prominent location can be a powerful draw for clients and customers, setting a business apart from standard commercial spaces.

A Renovation Project with Significant Upside

There is no question that this property needs extensive renovation. It is being sold as-is, and buyers should be prepared for substantial work. Systems, finishes, and structural components may require updates or replacement.

However, that need for renovation is precisely where the opportunity lies. Properties of this size, character, and location are rarely available at such a low price point. The current pricing reflects the condition and creates room for:

• Strategic restoration

• Value-added improvements

• Long-term appreciation or resale

• Commercial repositioning

For investors or developers experienced in rehabilitation projects, this home offers a compelling risk-reward balance.

Historic Charm as a Business Asset

In today’s market, character matters. Clients and customers are often drawn to spaces with personality, history, and warmth. A restored Victorian office can provide an atmosphere that modern buildings simply cannot match.

Imagine welcoming clients into a space with high ceilings, intricate fireplaces, and classic architectural details. Conference rooms anchored by carved mantels, offices with historic charm, and a reception area that feels both professional and memorable—this property has the bones to deliver exactly that experience.

Residential or Commercial Flexibility

While marketed as a great commercial investment, the home could also appeal to buyers interested in restoring it as a private residence, multi-unit conversion, or live-work space. The five-bedroom layout provides flexibility for large households, shared living arrangements, or mixed-use scenarios.

Buyers should verify zoning, permitted uses, and renovation requirements with the appropriate local authorities to determine the best path forward.

An Exceptional Value Under $70,000

Perhaps the most striking aspect of this listing is the price. At under $70,000, this property is priced to sell and represents one of the most affordable opportunities to acquire a large, historic structure in a commercially viable location.

Properties with similar square footage, character, and visibility often trade at significantly higher prices—even in distressed condition. This creates a rare entry point for buyers willing to take on a project.

Ideal Buyer Profiles

This property is especially well-suited for:

• Real estate investors seeking high-upside projects

• Developers with experience in historic renovations

• Business owners looking for a distinctive commercial space

• Professionals such as doctors, attorneys, or consultants

• Buyers interested in adaptive reuse projects

The key requirement is vision—seeing beyond the current condition to the exceptional potential beneath.

Important Sale Details

• Property is sold as-is

• No repairs or warranties provided by the seller

• Extensive renovation is required

• Buyer to perform all due diligence regarding zoning, permits, and use

The seller is motivated, and the price has been reduced to encourage strong offers.

Bring an Offer – Opportunity Knocks

This is not a polished, move-in-ready property. It is a canvas—one with history, scale, and presence. For the right buyer, it represents an opportunity to restore a landmark, create a unique commercial space, or bring new life to a classic Victorian home.

With five bedrooms, seven fireplaces, nearly 3,500 square feet, and a prime Albany location, the foundation for something truly special is already here.

Summary

This Victorian home in Albany offers unmatched character, size, and commercial potential at an extraordinary price. Featuring 5 bedrooms, 2 bathrooms, seven fireplaces—including two elaborately carved with decorative mirrors—and nearly 3,500 square feet, the property is ideal for commercial redevelopment or historic restoration.

Yes, it needs a lot of work—but opportunities like this are exactly where long-term value is created.

Price reduced. Under $70,000. Bring an offer.

Listed on Zillow