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    465 Madison Avenue Ext Albany, NY 12203

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    For Sale
    $489,000

    Mixed-use property featuring a restaurant and two apartments for sale.

    Property size:
    3,200 SF

    Property Features for 465 Madison Avenue Ext

    General Information

    Size
    3,200 SF

    Source: Pyramidbrokerage Agent Pyramid Brokerage Albany

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

    Overview

    Turnkey Restaurant with Apartments Above

    This +/- 3,200 square foot property, formerly El Loco, is available for sale. The property features a turnkey restaurant on the ground floor, with two 1-bedroom apartments located above. Situated at the intersection of Lark Street and Madison Avenue, the location offers retail exposure and visibility. There is an opportunity to increase value through raising below-market rents. The property can be delivered vacant, making it suitable for an owner-occupier.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8788198
    Latitude
    42.7180578

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring a restaurant and two apartments for sale.
    Where is this mixed-use property located?
    The property is located at 465 Madison Avenue Ext Albany, NY.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: - Turnkey restaurant on the ground floor with two 1-bedroom apartments above.; - Iconic location at the intersection of Lark Street and Madison Avenue providing excellent retail exposure and visibility.; - Opportunity to drive value through increasing below market rents.
    (518) 462-7491
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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
    465 Madison Avenue Ext Albany, NY 12203
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