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    1028 Madison Avenue Ext Albany, NY 12203

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    For Lease
    $1.00 SF/Yr

    Former CVS building for sale or lease in Albany, NY.

    Property size:
    5,544 SF
    Lot size:
    5,544 SF

    Property Features for 1028 Madison Avenue Ext

    General Information

    Size
    5,544 SF

    Source: Pyramidbrokerage Agent Pyramid Brokerage Albany

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    High-Profile Retail Building Available

    This high-profile building, formerly a CVS, is available for sale or lease. Situated at the signalized intersection of Madison Avenue and S. Main, the property benefits from high traffic volume, with over 18,000 vehicles per day. It marks the beginning of the retail, theatre, and restaurant district in Albany's Pine Hills neighborhood. The property is located immediately adjacent to the Madison Theatre and three properties from the Market 32 grocery store. Its location offers close proximity to SUNY Albany, St. Peter's Hospital, Albany Med, and the University Heights area. The property size is 5544 square feet and is located at 1028 Madison Avenue, Albany, NY.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Gym & Fitness Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8830566
    Latitude
    42.7170929

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    FAQs

    What type of property is this?
    Retail space - Former CVS building for sale or lease in Albany, NY.
    Where is this retail space located?
    The property is located at 1028 Madison Avenue Ext Albany, NY.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location: Over 18,000 vehicles per day at a signalized intersection.; - Prime location in Albany's Pine Hills retail, theatre, and restaurant area.; - Adjacent to the Madison Theatre and near Market 32 grocery store.
    (518) 456-5440
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    1028 Madison Avenue Ext Albany, NY 12203
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    Albany, NY 12203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1028 Madison Avenue Ext Albany, NY 12203
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