165 Madison Avenue, Albany, NY 12202

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Property Description

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.

165 Madison Avenue | MLS# 202613128

This commercial property located at 165 Madison Avenue, Albany, NY 12202 is currently listed for sale with an asking price of $625,000. Madison Avenue is located within the Albany school district. Search Albany real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Commercial - Retail
Basement: Full
Basement: Yes
Cooling: Central Air, Window Unit(s)
Heating: Forced Air, Natural Gas
Lot Size: 0.10 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $5,562
Year Built: 1890

Feature Descriptions

Accessibility: Accessible Doors, Accessible Full Bath, Accessible Kitchen
Association Amenities: None
Current Use: Mixed Use, Restaurant
Days on Site: 10
Exterior: None
Exterior: Brick, Wood Siding
Flooring: Tile, Concrete
Lot: Private, Level, Cleared
Lot Dimensions: 34.8*122.3
Parcel #: 010100 76.49-2-53
Parking: Off Street, Paved, Private
Parking Total: 6
Parking Total: 6
Security: Smoke Detector(s), Carbon Monoxide Detector(s)
Sewer: Public Sewer
SQFT Building Total: 3272
Water: Public

Local Schools

High School: Albany
Elementary School: Giffen Memorial
School District: Albany

Demographics

Listed By / Shown By

Listing By

Agency Name: Howard Hanna Capital Inc
Agency Phone: 1 518-371-4500

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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