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Retail Space with Restaurant Infrastructure
For Lease
$1,500/Mo

154 Madison Avenue, Albany, NY 12202

A flexible downtown space includes plumbing, ventilation, exhaust, and two bathrooms.

Space Size1,450 SF
Property Size4,350 SF
Days on Market74

Property Features for 154 Madison Avenue

General Information

Standard status Active
Size 1,450 SF
Net Rentable 1,450 SF
Zoning Mixed

Space & Availability

Available Space 1,450 SF
Contiguous Space 1,450 SF
Divisible Yes
Space Use Retail

Taxes and HOA fees

Annual Taxes $7,172

Amenities

two bathrooms

Building Details

Building Size 4,350 SF
Year Built 1860
Buildings 1
Stories 3
Listing Agency: NAI Platform LLC
Listed By: Anton Pasquill · License #10401318851
Source: Chadmajewski
Added: Aug 25 Changed: Nov 5 Last Checked: Nov 6 at 5:37AM

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 NAI Platform LLC

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This retail space at 154 Madison Avenue contains approximately 1,450 square feet and may be divided. Plumbing, ventilation, and exhaust are already in place, and the layout includes two bathrooms. The building dates to 1860, and zoning is classified as mixed.

The property is in downtown Albany, in the Mansion neighborhood, on the south side of lower Madison Avenue. Listed potential uses include restaurant, bar, beauty salon, spa or barbershop, commercial food preparation, office, personal or business service, indoor recreation or entertainment, general retail, specialty retail, smoke or vape shop, and religious institution. These uses include both permitted and conditional categories.

Key Highlights

  • Approximately 1,450 square feet of retail space
  • Space may be demised
  • Existing plumbing, ventilation, and exhaust support potential restaurant fit‑up

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Pharmacy

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

51
Businesses Nearby

Demographics for 12202, NY

10,257
Population
5,434
Households
1.9
Avg Household Size
34
Median Age
33%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
5,129
Density / Sq Mi
$49,684
Median Household Income
$34,656
Median Earnings
$1,012
Median Rent
$139,800
Median Home Value

Market

Lease Benchmarks for Albany, NY

$13.87 /SF/Yr
Avg Asking Price
$1.04–$34 /SF/Yr
Price Range
9,649 SF
Avg Space Size

Average Price Trend$/SF/Yr for Retail space in Albany, NY

$13.56 Jul
$13.68 Aug
$15.07 Sep
$13.57 Oct

Properties on Market for Retail space in Albany

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Retail space - A flexible downtown space includes plumbing, ventilation, exhaust, and two bathrooms.
Where is this retail space located?
The property is located at 154 Madison Avenue Albany, NY.
What is the lease rate?
The lease rate is $1,500/Mo.
What are key features of this property?
This property features: Approximately 1,450 square feet of retail space; Space may be demised; Existing plumbing, ventilation, and exhaust support potential restaurant fit‑up
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