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    1026 Madison Ave Albany, NY 12208

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    For Sale
    $495,000

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

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

    Property Features for 1026 Madison Ave

    General Information

    Size
    5,544 SF
    Lot size
    0.15 Acres

    Source: IKON Realty Group Agent Bruce Ginsburg

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

    Overview

    Former CVS Property For Sale

    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.
    Location Intelligence

    Current Use by Public Records

    CVS Drug Store UPS Access Point ... Shipping And Mailing Service Timothy Lasher Pharmacy Amy Zujovic Pharmacy MoneyGram Money Transfer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Prescription Relief Hotline, Julie K. Cross-Briggs, RPH, Genoa Healthcare, Krystal Nieckarz, Ariana Kalamaras

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.789836
    Latitude
    42.664621

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    FAQs

    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
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    Albany, NY 12208
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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
    1026 Madison Ave Albany, NY 12208
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