552-558 Madison Avenue
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552-558 Madison Avenue
2 Properties Offered at $1,500,000 in Albany, NY
Investment Highlights
- Corner lot, nearby Albany Medical Center, Albany Law, Albany College of Pharmacy, Sage College of Albany, Washington Park & Lark Street/Center Square
Executive Summary
Introducing a rare and exceptional portfolio offering two prime properties located on the coveted corner of Madison and New Scotland Avenue in Albany, just blocks from Albany Medical Center and across from Washington Park. This unique opportunity is ideal for discerning buyers.
The portfolio includes a mixed-use building with a spacious commercial space on the first floor and three 1BD units above. While the building requires renovation, the potential to enhance the community and create a vibrant, modern space is unmatched.
Additionally, the portfolio features a two-story residential building with five units: three 1BD/1BA units and two 2BD/1BA units. One unit is currently occupied, while the other four are ready for cosmetic renovations. The property boasts historic details, including custom doors, a beautiful brick facade, hardwood floors, and original moldings.
This is a rare chance to acquire and develop two of the most sought-after buildings in Albany. Floor plans are available in the documents.
The portfolio includes a mixed-use building with a spacious commercial space on the first floor and three 1BD units above. While the building requires renovation, the potential to enhance the community and create a vibrant, modern space is unmatched.
Additionally, the portfolio features a two-story residential building with five units: three 1BD/1BA units and two 2BD/1BA units. One unit is currently occupied, while the other four are ready for cosmetic renovations. The property boasts historic details, including custom doors, a beautiful brick facade, hardwood floors, and original moldings.
This is a rare chance to acquire and develop two of the most sought-after buildings in Albany. Floor plans are available in the documents.
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 558 Madison Ave, Albany, NY 12208 | Retail | 3,408 SF | 1901 | $800,000 |
| 552 Madison Ave, Albany, NY 12208 | Multifamily | 3,684 SF | 1875 | $700,000 |
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New Scotland Development Companies
552-558 Madison Avenue
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