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    781 Madison Ave Albany, NY 12208

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    For Sale
    $560,991

    Two-story building with retail and residential units in Albany.

    Property size:
    4,700 SF
    Lot size:
    0.06 Acres

    Property Features for 781 Madison Ave

    General Information

    Size
    4,700 SF
    Lot size
    0.06 Acres

    Source: Hanna Commercial Real Estate | Capital Region, NY Agent Philip Sabatino

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

    Overview

    Mixed-Use Building with Established Business

    This two-story mixed-use building is situated on a corner lot in the Pine Hills area, conveniently located on the bus line. The first floor features a 1,560-square-foot dry cleaning business in excellent condition. The asking price includes the dry cleaning business, its furniture, fixtures, and equipment, in addition to the building itself. The second floor contains two apartments, each with two bedrooms, that generate rental income of $850 each. Each apartment has separate utilities. The building has been well-maintained despite its age. The property size is 4,700 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Towne Cleaners Dry Cleaner Albany Dependable Dumpsters Garbage Collection Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -73.7798186
    Latitude
    42.6596656

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    FAQs

    What type of property is this?
    Retail space - Two-story building with retail and residential units in Albany.
    Where is this retail space located?
    The property is located at 781 Madison Ave Albany, NY.
    What is the asking price?
    The asking price for this property is $560,991.
    What are key features of this property?
    This property features: - Includes a dry cleaning business with FF&E and a mixed-use building with two apartments.; - Two 2-bedroom apartments on the second floor generate rental income ($850 each) with separate utilities.; - Dry cleaning business on the first floor is 1560 sq ft and in excellent/clean condition.
    (518) 458-7000
    Request Owner's contact information
    781 Madison Ave Albany, NY 12208
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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
    781 Madison Ave Albany, NY 12208
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