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Flexible Office Building with Gated Parking
For Sale
$429,900

854 Madison Avenue, Albany, NY 12208

COMMERCIAL - Albany, NY

Property Size4,984 SF
Lot Size0.09 Acres
Price / SF$86.26
Days on Market134

Property Features for 854 Madison Avenue

General Information

Property type Commercial Sale
Property subtype Office
Zoning Commercial
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bathroom 1, Bathroom 3
Parking 25
Elementary school Albany School of Humanities
High school Albany
Elementary school district Albany
Middle school district Albany
High school district Albany
Directions PROPERTY IS LOCATED ON THE LEFT DRIVING WEST ON MADISON AVE AFTER YOU PASS QUAIL ST
Standard status Active
APN 010100 64.76-1-7
Size 4,984 SF
Lot size 0.09 Acres

Taxes and HOA fees

Tax Annual Amount 12730

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1920
Floors in Building 1
Building materials Brick
Listing Agency: Revision Real Estate
Listed By: Jerome P Newkirk · License #10371200504
Added: Mar 20 Changed: Jun 13 Last Checked: Jul 31 at 6:06AM
MLS# 202613709

Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This commercial office building is offered as five combined lots, including 852-854 Madison Ave and 487-489 and 491 Yates St, creating a consolidated footprint for an owner-occupant or investor. The property includes a fully gated, asphalt-paved parking lot with a handicap-accessible entry at the rear. Interior space is laid out for flexible business use, with six private rooms on the first floor, a spacious reception/intake area, and two bathrooms.

Upstairs features two large offices, a generous meeting or conference room, additional storage, and another bathroom, supporting both day-to-day operations and client-focused meetings. The building totals 4,984 square feet and sits on 0.09 acres. Zoning is listed as Commercial.

For tenants seeking an office environment with multiple rooms and defined meeting space, the configuration supports everything from professional services to treatment or creative work setups, depending on operational needs. Access is designed for both staff and clients, with rear handicap-accessible entry and on-site, gated parking.

Key Highlights

  • 5 combined lots: 852‑854 Madison Ave plus 487‑489 and 491 Yates St
  • Fully gated, asphalt‑paved parking lot with rear handicap‑accessible entry
  • Brick building built in 1920 with central air and hot water heating

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

1,969
Businesses Nearby

Demographics for 12208, NY

22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Gated, asphalt-paved parking and an office-ready layout with multiple private rooms, reception, and conference space.
Where is this office building located?
The property is located at 854 Madison Avenue Albany, NY.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 5 combined lots: 852‑854 Madison Ave plus 487‑489 and 491 Yates St; Fully gated, asphalt‑paved parking lot with rear handicap‑accessible entry; Brick building built in 1920 with central air and hot water heating
More about this property
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