165 Madison Avenue ExtAlbany, NY 12202

Property Details for 165 Madison Avenue Ext

Lot size

0.10 AC

Property type

Land

Description

This exceptional 0.1-acre commercial land parcel at 165 Madison Avenue in Albany, New York, presents a unique investment opportunity. Located in the heart of downtown, this property boasts a prime location near the Capital building and the MVP Arena (Convention Center). The entire building underwent a complete renovation in 2022, featuring high-end finishes throughout. The property includes a turn-key restaurant with a spacious dining room, a full commercial kitchen equipped with a six-burner stove and commercial exhaust hood, employee and customer restrooms, and even entertainment stages and tables. A second-floor, two-bedroom apartment, estimated to rent for $2,000 per month, adds significant rental income potential. The property also features a full basement and six-car private parking in the rear. The restaurant space itself measures 2022 square feet, with both front and back entrances. The surrounding area is experiencing revitalization, promising continued growth and increased property value. Financial details are available upon request with a non-disclosure agreement. This is an ideal owner-user opportunity with significant potential for both immediate income and future appreciation. The property's recent renovation ensures a move-in ready condition, minimizing upfront investment and maximizing return.

Location Insight

City

Albany

County

36001

State

New York

Latitude

42.6467

Longitude

-73.7573

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].