165 Madison Ave 3,272 SF Retail Building Albany, NY 12202 $650,000 ($198.66/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 |
-
|
-
|
| Total Expenses |
$99,999
|
$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
$650,000
Price Per SF
$198.66
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 (91)
Transit Score®
Excellent Transit (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 010100-076-049-0002-053-000-0000 | Improvements Assessment | $266,600 |
| Land Assessment | $64,000 | Total Assessment | $330,600 |
