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Former CVS Property For Sale
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1026 Madison Ave, Albany, NY

High-visibility corner retail property in Albany's retail corridor.

Property Size5,544 SF
Lot Size0.15 Acres
Price / SF$89.29
Days on Market1116

Property Features for 1026 Madison Ave

General Information

Standard status Active
Size 5,544 SF
Lot size 0.15 Acres
Property subtype RETAIL

Properties For Sale

at 1026 Madison Ave
1028 Madison Ave AVAILABLE, Now
Floor Bldg
Size 5,544 SF
Type RETAIL
Sublease No
- A +/-5,544 SF former CVS pharmacy building available for lease or sale. Excellent business opportunity with unparalleled visibility at a main intersection along Madison Avenue. - Seller will consider Seller financing/a purchase-money mortgage - Corner property at a main intersection - Excellent signage and road visibility - Adjacent to the Madison Theatre - In the heart of Madison Avenue's main retail, restaurant, and entertainment corridor
Contact us
Listing Agency: IKON Realty Group
Listed By: Bruce Ginsburg
Source: Moodyscre
Added: Oct 11, 2023 Changed: Oct 26 Last Checked: Oct 28 at 11:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of IKON Realty Group

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This is a former CVS property available for sale or lease, situated on a corner at the signalized intersection of Madison Avenue and S. Main. The location benefits from high traffic volume, with over 18,000 vehicles per day. Madison Avenue sees 11,840 vehicles per day, while S. Main sees 6,235 vehicles per day. The property offers excellent signage and road visibility and is located in the heart of Madison Avenue's main retail and restaurant corridor. The property size is 5,544 square feet. Seller financing or a purchase-money mortgage may be considered.

Key Highlights

  • High‑traffic location: Over 18,000 vehicles per day at a signalized intersection.
  • Seller financing available: Seller will consider a purchase‑money mortgage.
  • Prime corner property: Located at a main intersection.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

CVS Pharmacy UPS Access Point ... Courier Service Timothy Lasher Pharmacy Amy Zujovic Pharmacy MoneyGram Bank

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store HVAC Service Kitchen & Bath Showroom Acupuncture Auto Parts Store

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

Location Intelligence

Trade Area within ½ mile

791
Businesses Nearby
20k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 68% Dining 32%
Mobil Shops & Services
10,707 visits/mo 0.1 miles
Dunkin' Donuts Dining
6,383 visits/mo 0.1 miles
Citizens Bank Shops & Services
3,088 visits/mo 0.2 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Albany, NY

5.4% 2020
4.8% 2021
5.5% 2022
4.7% 2023
5.5% 2024
5.8% 2025

Similar Off Market Nearby

  • CVS Pharmacy — 613 New Scotland Ave, Albany, NY 12208
  • Muench Joseph R — 315 S Manning Blvd, Albany, NY 12208
  • Emily Stocking — 613 New Scotland Ave, Albany, NY 122081902
  • Lynn Hamil, PharmD — 315 S Manning Blvd, Albany, NY 12208
  • Abigail N. Rudasill, Pharm — 315 S Manning Blvd, Albany, NY 12208

Frequently Asked Questions

What type of property is this?
Drug store - High-visibility corner retail property in Albany's retail corridor.
Where is this drug store located?
The property is located at 1026 Madison Ave Albany, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: High‑traffic location: Over 18,000 vehicles per day at a signalized intersection.; Seller financing available: Seller will consider a purchase‑money mortgage.; Prime corner property: Located at a main intersection.
(518) 573-5853 Call to check price and availability
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