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Mixed-Use Property with Auto Shop
For Sale
$449,777

380 Madison Ave, Albany, NY 12210

The existing configuration includes automotive service space and three apartments that require renovation.

Property Size8,906 SF
Price / SF$50.50
Days on Market119

Property Features for 380 Madison Ave

General Information

Standard status Active
Size 8,906 SF

Property Condition

Severity Repairs Needed
Evidence need to be renovated

Site & Location

Highway Access Yes
Road Access Yes

Taxes and HOA fees

Annual Taxes $8,000
Listing Agency: Re Max Capital
Listed By: Douglas S Schenk · License #30SC0782781
Source: Exprealty
Added: Jun 5 Changed: Oct 1 Last Checked: Oct 1 at 1:47PM

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 Re Max Capital

Investment Insights

Based on property information with market context.

This mixed-use property at 380 Madison Avenue and 187 Jefferson Street comprises two parcels. Its current uses include an auto repair operation and three apartments; the apartments need renovation. Garage capacity is described as 4–6 cars, with off-street parking for 5–6 cars.

The property extends between Madison Avenue and Jefferson Street. Nearby destinations and routes identified include downtown Albany, Center Square, state offices, SUNY, I-787, I-87, I-90, shops, and dining.

Key Highlights

  • Two parcels at 380 Madison Avenue and 187 Jefferson Street
  • Existing auto repair use and three apartments requiring renovation
  • Garage space for 4–6 cars

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Carpet & Flooring Store Home Appliance Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Pet Grooming Service Electrical Service

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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

4,281
Businesses Nearby

Demographics for 12210, NY

10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The existing configuration includes automotive service space and three apartments that require renovation.
Where is this mixed-use property located?
The property is located at 380 Madison Ave Albany, NY.
What is the asking price?
The asking price for this property is $449,777.
What are key features of this property?
This property features: Two parcels at 380 Madison Avenue and 187 Jefferson Street; Existing auto repair use and three apartments requiring renovation; Garage space for 4–6 cars
More about this property
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