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About the Listing o1057H - 30496
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central Air,Window Unit(s)
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor: Tile,Concrete
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Private,Level,Cleared
- Garage Capacity: N/A
- Parking Spaces: 6
- Lot Dimensions: 34.8*122.3
- Zoning: Mixed
- Roof: Flat
- Others:
- Sewer: Public Sewer
- Parking Features: Off Street,Paved,Private
Financial Details
- Tax Amount: $5,563
- Taxes w/Assessments: N/A
- Tax/Property ID: 010100 76.49-2-53
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
165 Madison Ave Albany, NY 12202
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