Opportunity awaits as this commercial mixed-use building located in a highly desirable area of Albany hits the market! Currently this building has multiple apartments in it along with an auto repair shop ( Hurks Transmission) This building is mixed used so possibilities are endless here. Sale includes two properties. 380 Madison Ave (76.31-3-20) and neighboring lot (76.31-3-27).
Attention Investors: Get your cash flow here. Purchase a famous tavern, the building it's in, and 3 additional adjoining rental properties containing 8 apartments. You can be the next owner of the well known neighborhood staple the 'Palais Royale' Bar and Grill. Included are the bar, the liquor license, ATM, dartboard, pool table, wall mounted jukebox, TV's and all FFE. Full kitchen with halon fire suppression system. 162 Jefferson St (2 units, 2BR/1BR) 164 Jefferson St is the Palais Royale Bar and Grill with an apartment upstairs (1BR). 166 Jefferson St (2 units,2BR /2BR) 168 Jefferson St (3 units) has 2 apartments upstairs (2BR/1BR) and a 1,860 ft unit commercial space on the first floor which is currently the owners living unit. This large unit features hardwoods, a private bar and high ceilings. MTM tenants All 4 buildings are zoned R2C Over six figures in potential rents plus the income from the Palais Royale makes this 4 building package with a turnkey successful business a great investment.
Last used as a church. Office and open space on first floor and kitchen and open area on 2nd. There are 2 bathrooms. With over 4000 sf of space its just up to your imagination. Turn into an office or convert to multifamily. Space enough for 4units . This will need to be a cash sale or rehab loan.
+/- 3,200 sf former El Loco property for sale. Property consists of turnkey restaurant on the ground floor with two 1-bedroom apartments above. This iconic location at the intersection of Lark Street and Madison Avenue provides excellent retail exposure and visibility. Opportunity to drive value through increasing below market rents. Property can be delivered vacant making it a perfect opportunity for an owner occupier.
Prime mixed-use building in Albany's vibrant Center Square neighborhood. Over 3,100 sq ft with a street-level commercial space (rented at $2,200/mo) approved for a variety of uses. Existing equipment provides a great starting point for food service operation. Three well-maintained residential units above generate $3,350/mo. One unit is a 1BR facing Lark St; another offers skyline views and private rooftop access. The top-floor unit features 3 bedrooms, 2 full baths, and in-unit laundry. Rare 2-car garage off Spring St for parking or deliveries. Gross annual income of $66,600. Steps from shops, restaurants, and Washington Park. Whether you're looking to expand your investment portfolio or establish a business in a high-visibility, high-foot-traffic location, this one is worth exploring.
+/-9,081 SF creative office space located in the heart of Downtown Albany surrounded by numerous dining and entertainment options including Yono's, 677 Prime, and The Palace Theater. Entire 3rd floor with private rooftop deck. High ceilings, exposed brick, and large windows providing abundant natural light. Ample parking available at only $80.00 per month per space. Professional and proactive property management. Easy access to I-90 and I-787.
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Albany is located in New York. Albany, New York 12210has a population of 99,402. Albany 12210 is less family-centric than the surrounding county with 21.64% of the households containing married families with children. The county average for households married with children is 27.09%.
The median household income in Albany, New York 12210 is $52,583. The median household income for the surrounding county is $73,810 compared to the national median of $69,021. The median age of people living in Albany 12210 is 31.6 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 14.5 degrees. The average rainfall is approximately 39.5 inches per year, with 51.6 inches of snow per year.
