165 Madison Ave - Storefront Retail/Residential FOR SALE


Albany, NY 12202- Mansion Area
$625,000 USD
518-755-2064
165 Madison Ave, Albany, NY for Sale
$625,000 USD
Storefront Retail/Residential - FOR SALE
1/68
null | Request Cap Rate

165 Madison Ave
Albany, NY 12202
Mansion Area


HIGHLIGHTS

  • Beautiful Downtown Location, near Capital building
  • Entire building was renovated in 2022
  • Turn-key Restaurant With great dining room

OVERVIEW

Prime mixed-use investment opportunity in the heart of Downtown Albany! Located at 165 Madison Avenue, Albany, NY, just steps from the New York State Capitol and minutes from MVP Arena, this beautifully renovated 3,272 sq ft brick building offers exceptional visibility and long-term income potential in one of the city's most rapidly revitalizing corridors. Fully renovated in 2022 with high-end finishes, this two-story mixed-use property features a turn-key restaurant space on the first floor with approximately 2,022 sq ft of retail/dining area, complete with a full commercial kitchen, 6-burner stove, commercial exhaust hood, dedicated employee and customer restrooms, dining area with entertainment stage, and both front and rear entrances. Ideal for owner-operators or investors seeking a ready-to-run restaurant, tavern, café, or retail concept. The second floor includes a turn-key 2-bedroom apartment with strong rental potential, estimated at $2,000/month, providing additional income and flexibility for owner occupancy or leasing.Situated in a high-demand downtown corridor near the Capitol district, with major revitalization projects underway in surrounding buildings, this property offers both immediate usability and strong future appreciation potential. Perfect for owner-users, restaurateurs, or mixed-use investors seeking a strategic Albany location with built-in income and strong growth prospects. Financials available with signed NDA. Showings by appointment only with 24-hour notice. Qualified buyers and proof of funds required.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C1

APN/PARCEL ID

010100-076-049-0002-053-000-0000

ASK ABOUT THIS PROPERTY

Joseph CardinaleHoward Hanna Real Estate ServicesMore Info
518-755-2064

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Joseph CardinaleHoward Hanna Real Estate ServicesMore Info
518-755-2064

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.