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1026 Madison Ave 5,544 SF Retail Building Albany, NY 12208 $495,000 ($89.29/SF)
Investment Highlights
- Seller will consider Seller financing/a purchase-money mortgage
- Excellent signage and road visibility
- Daily traffic count of 6,235 vehicles.
- Corner property at a main intersection
- In the heart of Madison Avenue's main retail and restaurant corridor
- Minutes to to St. Peter's Hospital, Albany Med, SUNY Albany
Executive Summary
Owner is willing to hold papers. A well-known, former CVS location available for sale or lease. This prime location is situated prominently at the signalized intersection of Madison Avenue, with over 11,840 vehicles passing daily, and South Main, with a daily traffic count of 6,235 vehicles. Nestled in Albany's vibrant Pine Hills neighborhood, this property is minutes to St. Peter's Hospital, Albany Med, SUNY Albany, Albany Law, and Albany College of Pharmacy & Health Sciences.
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
5,544 SF
Year Built
1900
Price
$495,000
Price Per SF
$89.29
Building Height
1 Story
Building FAR
0.84
Lot Size
0.15 AC
Zoning
MU-CU
Frontage
Amenities
- Signalized Intersection
- Tenant Controlled HVAC
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 010100-064-059-0002-022-000-0000 | Total Assessment | $444,000 (2024) |
| Land Assessment | $101,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $343,000 (2024) | Tax Year | 2023 Payable 2023 |
Property Taxes
Parcel Number
010100-064-059-0002-022-000-0000
Land Assessment
$101,000 (2024)
Improvements Assessment
$343,000 (2024)
Total Assessment
$444,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2023
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1026 Madison Ave
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