Mixed-Use Opportunity in Historic Albany! Welcome to 204 Lancaster Street, a well-located mixed-use building offering flexibility and versatility. This historic property features a ground-floor retail space with strong street presence, currently operated as a tailor shop, and suitable for a wide variety of commercial uses. Above the storefront are two residential apartments. Situated in a vibrant Albany neighborhood with steady foot and vehicle traffic, this property is ideal for investors or owner-occupants seeking a combination of commercial and residential use. The property has seen significant recent capital improvements totaling over $25,000, including a new commercial central air conditioning system, a new rubber roof, and a brand new hot water tank -- providing buyers with peace of mind and minimal near-term capital expenditure requirements. A unique opportunity to own a versatile, well-maintained building in one of Albany's established corridors. Tailor inventory can be purchased separately or included with the sale of the property.

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"Based on information submitted to Global MLS as of June 29, 2026 3:45 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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Building Relationships Based on Trust, Honesty and Dedication

204 Lancaster StreetAlbany, NY 12201Price: $649,000

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Property Details of 204 Lancaster Street

Property Details

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Property

Location

Finance

Interior Features

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Basement

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Schools

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Building Relationships Based on Trust, Honesty and Dedication

204 Lancaster StreetAlbany, NY 12201Price: $649,000

$/month over payments

Listing Tools

$/month over payments

Hi there! How can we help you?

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Property Details of 204 Lancaster Street

Property Details

Basic Information

Property

Location

Finance

Interior Features

Beds/Baths

Bathrooms

Basement

Utilities and Appliances

Utilities and Appliances

Community

Schools

Map Location

Driving Directions

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Signature ONE Realty Group

Contact

Quick Links