552-558 Madison Avenue FOR SALE


Albany, NY - Park South
$1,500,000 USD
518-859-8319
, Albany, NY for Sale
$1,500,000 USD
FOR SALE
1/59
null | 6% Cap Rate

552-558 Madison Avenue
Albany, NY
Park South


HIGHLIGHTS

  • Corner lot, nearby Albany Medical Center, Albany Law, Albany College of Pharmacy, Sage College of Albany, Washington Park & Lark Street/Center Square

OVERVIEW

Introducing a rare and exceptional portfolio offering two prime properties located on the coveted corner of Madison and New Scotland Avenue in Albany, just blocks from Albany Medical Center and across from Washington Park. This unique opportunity is ideal for discerning buyers. The portfolio includes a mixed-use building with a spacious commercial space on the first floor and three 1BD units above. While the building requires renovation, the potential to enhance the community and create a vibrant, modern space is unmatched. Additionally, the portfolio features a two-story residential building with five units: three 1BD/1BA units and two 2BD/1BA units. One unit is currently occupied, while the other four are ready for cosmetic renovations. The property boasts historic details, including custom doors, a beautiful brick facade, hardwood floors, and original moldings. This is a rare chance to acquire and develop two of the most sought-after buildings in Albany. Floor plans are available in the documents.

ASK ABOUT THIS PROPERTY

Brendan Dal ColNew Scotland Development CompaniesMore Info
518-859-8319

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Brendan Dal ColNew Scotland Development CompaniesMore Info
518-859-8319

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.