465 Madison Ave - Storefront Retail/Residential FOR SALE


Albany, NY 12210- Center Square
$489,000 USD
845-325-1568
465 Madison Ave, Albany, NY for Sale
$489,000 USD
Storefront Retail/Residential - FOR SALE
1/45
null | Request Cap Rate

NEW


465 Madison Ave
Albany, NY 12210
Center Square


OVERVIEW

+/- 3,200 sf former El Loco property for sale. Property consists of turnkey restaurant on the ground floor with two 1-bedroom apartments above. This iconic location at the intersection of Lark Street and Madison Avenue provides excellent retail exposure and visibility. Opportunity to drive value through increasing below market rents. Property can be delivered vacant making it a perfect opportunity for an owner occupier.

FOR SALE DETAILS

PRICE

$489,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former El Loco Restauant + 2 Apartments

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

MU-NC

APN/PARCEL ID

010100-076-023-0003-068-000-0000

ASK ABOUT THIS PROPERTY

Kyle BradleyCarrow Real Estate ServicesMore Info
845-325-1568

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

Kyle BradleyCarrow Real Estate ServicesMore Info
845-325-1568

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