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Former Pharmacy Retail Building
For Lease
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1028 Madison Ave, Albany, NY 12208

Existing pharmacy improvements at a prominent Madison Avenue intersection in Albany.

Space Size5,544 SF
Days on Market139

Property Features for 1028 Madison Ave

General Information

Standard status Active
Size 5,544 SF
Net Rentable 5,544 SF
Property subtype Retail

Space & Availability

Available Space 5,544 SF
Contiguous Space 5,544 SF
Space Use Retail

Building Details

Building Size 5,544 SF
Year Built 1900

Spaces For Lease

at 1028 Madison Ave
1028 Madison Avenue
Size 5,544 SF
Type Street Retail
Term Negotiable
Rate Contact for pricing
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Listing Agency: IKON Realty Group
Listed By: Bruce Ginsburg
Source: Ikonrealtygroup
Added: Jun 2 Changed: Oct 1 Last Checked: Oct 16 at 6:09AM

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

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Investment Insights

Based on property information with market context.

This 5,544-square-foot retail building in Albany was constructed in 1900 and previously operated as a CVS pharmacy. The property offers an established commercial layout associated with a former drugstore use and is available for a new occupant or repositioning within the retail category.

The building is located at 1028 Madison Ave at a major intersection along Madison Avenue, providing exposure to passing traffic. Its prior pharmacy configuration and retail setting may accommodate a range of commercial users, subject to applicable approvals and requirements.

Key Highlights

  • 5,544 SF former CVS pharmacy building
  • Built in 1900
  • Located at 1028 Madison Ave, Albany, NY 12208

Property Analytics

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Current Use

Dental Care Today Dental Office

Suggested Use

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,020
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 0.2 miles
Citizens Bank Shops & Services
3,088 visits/mo 0.2 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

  • Community, A Walgreens Pharmacy — 33 New Scotland Ave Suite 106, Albany, NY 12208
  • Tammy L. Ouimet, Pharm — 43 New Scotland Avenue Suite Mc85, Albany, NY 12208, Albany, NY 12208
  • Marguerite H. Habib, RPH — 43 New Scotland Ave, Albany, NY 12208
  • Town Total Health — 728 Madison Ave, Albany, NY 12208
  • Timothy Lasher — 1026 Madison Ave, Albany, NY 122082606

Frequently Asked Questions

What type of property is this?
Drug store - Existing pharmacy improvements at a prominent Madison Avenue intersection in Albany.
Where is this drug store located?
The property is located at 1028 Madison Ave Albany, NY.
What are key features of this property?
This property features: 5,544 SF former CVS pharmacy building; Built in 1900; Located at 1028 Madison Ave, Albany, NY 12208
More about this property
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