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891 Madison Ave 4,489 SF Retail Building Albany, NY 12208 $405,000 ($90.22/SF)
INVESTMENT HIGHLIGHTS
- Mixed use property with tons of potential.
- Two bedroom second floor provides convenient on-site living or rental income.
- Located on busy road with signalized intersection.
- Space for office or retail capabilities.
EXECUTIVE SUMMARY
Discover exceptional flexibility and visibility in this versatile mixed-use property located in the vibrant Pine Hills area of Albany. Featuring an expansive open floor plan, private parking and steady foot traffic- this space offers endless potential for retail, office, studio, or creative use. The second floor offers a beautiful two bedroom apartment with natural light and gleaming hardwood floors. The third floor could be finished to increase square footage & cash flow opportunity.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Funeral Home
Building Size
4,489 SF
Building Class
C
Year Built
1920
Price
$405,000
Price Per SF
$90.22
Tenancy
Single
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.17 AC
Zoning
MU-NC - The Mixed-Use Neighborhood Center provides for moderate density housing options and limited mixed-use development.
Parking
20 Spaces (4.46 Spaces per 1,000 SF Leased)
Frontage
48’ on Madison Ave
AMENITIES
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 010100-064-068-0001-042-000-0000 | Improvements Assessment | $132,700 |
| Land Assessment | $286,000 | Total Assessment | $418,700 |
PROPERTY TAXES
Parcel Number
010100-064-068-0001-042-000-0000
Land Assessment
$286,000
Improvements Assessment
$132,700
Total Assessment
$418,700
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891 Madison Ave
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