165 Madison Avenue, Albany, NY 12202 (MLS # 202613128)

Prime mixed-use investment opportunity in the heart of Downtown Albany! Located at 165 Madison Avenue, Albany, NY, just steps from the New York State Capitol and minutes from MVP Arena, this beautifully renovated 3,272 sq ft brick building offers exceptional visibility and long-term income potential in one of the city's most rapidly revitalizing corridors. 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.

Last Updated	3/11/2026	Year Built	1890
County	Albany

SCHOOLS

Elementary School	Giffen Memorial
High School	Albany

Additional Details

AIR	Central Air, Window Unit(s)
AIR CONDITIONING	Yes
BASEMENT	Full, Yes
CONSTRUCTION	Brick, Wood Siding
EXTERIOR	None
HEAT	Forced Air, Natural Gas
LOT	4356 sq ft
LOT DESCRIPTION	Cleared, Level, Private
LOT DIMENSIONS	34.8*122.3
PARKING	Off Street, Paved, Private
SEWER	Public Sewer
STORIES	2
TAXES	5562.59
UTILITIES	Sewer Connected
WATER	Public

Location

 

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