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165 Madison Avenue

Albany, NY 12202

Active

$625,000

Listing by:
Joseph P Cardinale
Howard Hanna Capital Inc
518-755-2064

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.

$625,000
0.0
Bedroom
0
Bathroom
3,272
Sq. Ft.
$ 191
$/Sq. Ft.
0.10
Acres
Year Built:
1890
County:
Albany
School District:
Albany
Acres:
0.10
Listing Agent:
Joseph P Cardinale
Listing Office:
Howard Hanna Capital Inc
CONTACT A
BUYER'S AGENT

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Features

Available Square Feet: 3,272
Town: Albany
Bedrooms: 0
Full Bathrooms: 0
Estimated Taxes: $5,563
Water: Public
Sewer: Public Sewer
Heat: Forced Air, Natural Gas
Garage: 0
Exterior: Brick, Wood Siding
Exterior Features: None
Cooling: Central Air, Window Unit(s)
Parking Spaces: 6
Zoning: Mixed

Location



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