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165 Madison Ave 3,272 SF Retail Building Albany, NY 12202 $850,200 CAD ($259.84 CAD/SF)
Investment Highlights
- Beautiful Downtown Location, near Capital building
- Turn-key Restaurant With great dining room
- Entire building was renovated in 2022
Executive Summary
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.
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.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,272 SF
Building Class
C
Year Built
1890
Price
$850,200 CAD
Price Per SF
$259.84 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.75
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
C1 - (Commercial) One Story Small Structure-Zoning, MU-NC, Description, Mixed-Use, Neighborhood Center, Other Zoning R-T, Overlays CS-O HR-O,FEMA N/A
Parking
6 Spaces (1.83 Spaces per 1,000 SF Leased)
Frontage
38’ on Madison Ave
Amenities
- Bus Line
- Restaurant
- Signage
- Storage Space
- Air Conditioning
Walk Score®
Walker's Paradise (92)
Nearby Major Retailers
Property Taxes
| Parcel Number | 010100-076-049-0002-053-000-0000 | Improvements Assessment | $364,919 CAD |
| Land Assessment | $87,603 CAD | Total Assessment | $452,522 CAD |
Property Taxes
Parcel Number
010100-076-049-0002-053-000-0000
Land Assessment
$87,603 CAD
Improvements Assessment
$364,919 CAD
Total Assessment
$452,522 CAD
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