UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,272 sqft
Price per Sqft $175
MLS Listing ID 202613128
HOA Y/N No
Year Built 1890
Annual Tax Amount $5,562
Lot Size 4,148 Sqft
Acres 0.1
Lot Dimensions 34.8*122.3
Property Sub-Type Mixed Use
Source Global MLS
Property Description
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.
Location
State NY
County Albany
Zoning Mixed
Direction 787 to Madison Ave Exit. On Madison Between Grand and Phillip St. on the right
Interior
Heating Forced Air, Natural Gas
Flooring Tile, Concrete
Inclusions Business & Building, Building & Land
Exterior
Exterior Feature None
Parking Features Off Street, Paved, Private
Roof Type Flat
Building
Lot Description Private, Level, Cleared
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Albany
Others
Tax ID 010100 76.49-2-53
Special Listing Condition Standard
Nearby School & Business
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Erin Steinbach
Lic. Associate R. E. Broker | License ID: 10301217507
Lic. Associate R. E. Broker License ID: 10301217507