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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 Market69 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
      69 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
        42 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
        69 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

      CallEmail
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