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165 Madison Ave

3,272 SF Retail Building Albany, NY 12202 $500,000 ($153/SF)

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

Beautiful Downtown Location, near Capital building, entire building was renovated in 2022. High end- finishes throughout. Ideal for owner user. Close to MVP Arena (Convention center). New revitalization coming to neighboring building and surrounding area. Turn Key 2 bedroom apartment on the second floor . Estimate rents $2000 Six car private parking in the back. Full basement. Turn-key Restaurant With great dining room. Employee restroom and Customer Restroom. full commercial kitchen, entertainment stages & tables. Unit 1 commercial space- 2022 SF Front door entry & Back door. 6 burner stove & commercial exhaust hood, Turn Key Operation!

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

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
$500,000
Price Per SF
$153
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 FT on Madison Ave

AMENITIES

  • Bus Line
  • Restaurant
  • Signage
  • Storage Space
  • Air Conditioning
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

KeyBank
Trustco Bank
Retro Fitness
NBT Bank
Chase Bank
Citizens Bank
Bank of America
Yard House
Charles Schwab
Community Bank, N.A.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
010100-076-049-0002-053-000-0000
Land Assessment
$44,000 (2023)
Improvements Assessment
$167,100 (2023)
Total Assessment
$211,100 (2023)
  • Listing ID: 33837046

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 165 Madison Ave, Albany, NY 12202

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