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Property at 165 Madison Avenue, Albany, NY 12202
ACTIVE
$50,000
$575,000

165 Madison AvenueAlbany, NY, 12202

3,272 SqFt0.1 Acres
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.
1 / 56

Est. Monthly

$2,725/MO

$575,000
$50,000

165 Madison Avenue, Albany, NY

3,272 SqFt0.1 Acres

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.

StatusActive
Property TypeCommercial Sale
Property SubtypeMixed Use
Year Built1890
Days on Market90 days

Est. Monthly Payment

$2,725.49

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

165 Madison Avenue

Albany, NY 12202 • Albany
—
Beds
—
Baths
3,272
SqFt
0.1
Acres
Status
Active
Property Type
Commercial Sale
Property Subtype
Mixed Use
Year Built
1890136 years ago
Days on Market
90 days
Tax History
Estimated values, may not reflect current amounts.
  • Annual Tax Amount
    $5,563
  • School Taxes
    $7,352
  • Town/County Taxes
    $5,599
Property History
  • Price reduced
    Apr 7, 2026 • GLOBAL MLS • 202613128
    $625,000 → $575,000
  • Listed for sale
    Mar 11, 2026 • GLOBAL MLS • 202613128
    $625,000
Mortgage Calculator
Estimated monthly payment for this property
$2,725.49
Down Payment
Interest Rate
Loan Term
%
%
yearsyrs.
Affordability Checkoptional
$

Enter your annual income to see if this home fits your budget

Private Mortgage Insurance

Not required — down payment above 20%
MLS Information
  • Source
    Global MLS
  • MLS#
    202613128
  • Listing Office
    Howard Hanna Capital Inc
  • Last Updated
    62 days ago

Climate & Systems

  • Heating
    Forced Air

Interior Features

  • Flooring
    • Concrete
    • Tile
  • Basement
    Full

Parking

  • Parking Features
    • Off Street
    • Paved
    • Private
  • Parking Spaces
    6

Lot & Grounds

  • Lot Size
    0.1 acres
  • Lot Features
    • Cleared
    • Level
    • Private
  • Exterior Features
    None

Type

  • Property Type
    Commercial Sale
  • Property Subtype
    Mixed Use

Structure

  • Construction
    • Wood Siding
    • Brick
  • Roof
    Flat

Condition

  • Year Built
    1890
  • Days on Market
    90 days
  • Water
    Public
  • Sewer
    Public Sewer
  • Electric
    • 200+ Amp Service
    • 220 Volts
Also Listed On
  • NY State MLS
    1 related listing
    Active$575,000

607-282-6242, (607) 282-6242, or +1 607 282 6242

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

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