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503-525 Albany Street, 
Little Falls, NY 13365

$199,900


1

Bed


1

Bath


17,100

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Robin Mongeau

River Hills Properties LLC. Barn

315-896-1009

Last updated:

October 3, 2026, 03:50 PM

MLS#

S1719454

Source:

NY GENRIS

About This Home

503-525 Albany Street

What if you were presented with a blank canvas to launch your next adventure? Directly located between two of Central New York’s main metro hubs and airports of Syracuse and Albany. What type of project would you create? Perhaps a multi-family lofts/apartments project, an entertainment venue, a specialty manufacturing space, medical/professional offices, a restaurant or perhaps a mixed-use commercial property. Let me introduce you to 503 to 525 Albany Street. This intriguing redevelopment opportunity is centered on one of the most prominent streets within the city and one block from the Main Street that is in full swing of recreating 3 of the large buildings into luxe condos and business opportunities. ‘Downtown Little Falls’ is the oldest neighborhood and an up-and-coming mix-use destination on a path to creating upscale dining, taverns, specialty shopping, cafes and coffee shops. The district stretches from the American Main Street to the historic Canal district with reimagined factory buildings. As a mixed commercial area, creative minded developers are sought to purchase and redevelop this 17,000 Sq. foot building with its 4 stories of: 2 stories open warehouse/storage space, high ceilings that are spacious and unfinished. The third level has been set up and used as living space. Main level is currently rented to 2 commercial entities. This property offers gas and electric utilities and high-speed internet. 3 heating units were replaced in 2017 located in the 2 main floor spaces and third floor apartment. Also included is Central Air. Originally built in 1920s, much of the existing infrastructure may be re-utilized, depending on the project. In Dec. 2021, Little falls was selected to receive 10 million in grant funding to implement transformative capital projects in its downtown area as part of Round Five of the Downtown Revitalization Initiative the DRI, The DRI is a New York State grant program designed to catalyze public and private investment in urban centers with significant opportunities for redevelopment, business growth, job creation and an improved quality of life for all. Make a memorable legacy for the future generations to enjoy.

Home Facts

Multi-Family

1 Bath

1 Bedroom

Built in 1920

Price Summary

199,900

$11 per Sq. Ft.

MLS #:

S1719454

Last Updated:

October 3, 2026, 03:50 PM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

1

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

17,100 Sq. Ft.


Structure

Structure

Building Area:

17,100 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

3,600


Finances & Disclosures

Finances

Price:

$199,900

Price per Sq. Ft:

$11 per Sq. Ft.

Source:NY GENRIS
The information being provided by New York State Alliance Of Mlss is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 New York State Alliance Of Mlss All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.