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Brick Mixed-Use Building
For Sale
Contact for pricing
Pending

457 Madison Av, Albany, NY 12210

Two-level commercial property combining an operating restaurant with flexible office space above.

Property SizeContact for details
Days on Market131

Property Features for 457 Madison Av

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Coldwell Banker Prime Properties Slingerlands
Listed By: Brian Ward · License #NY
Source: Crexi
Added: Apr 23 Changed: Aug 29 Last Checked: Aug 29 at 5:09PM

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 Coldwell Banker Prime Properties Slingerlands

Investment Insights

Based on property information with market context.

This brick mixed-use building provides a restaurant component on the first floor and office space on the second. The restaurant is identified as Shogun Restaurant and is leased with annual increases stated through 2023. The upper level can support owner occupancy or a separate office lease. A dedicated parking lot accommodates 24 vehicles.

The property is located on Madison Avenue in Albany, between Center Square and Washington Park. Nearby destinations identified in the property information include Lark Street shopping and entertainment, Empire State Plaza, hospitals, and college campuses. The combination of restaurant and office components creates a compact commercial configuration with on-site parking and multiple occupancy options.

Key Highlights

  • Brick commercial building with first‑floor restaurant and second‑floor office space
  • First‑floor restaurant leased to Shogun Restaurant
  • Second‑floor office area suitable for owner occupancy or leasing

Property Analytics

Current Use

Lark Graphics (Bike/Boat/Book/etc) Store Shogun Restaurant

Suggested Use

Top Pick Furniture & Home Goods Carpet & Flooring Store Electrical Service Home Appliance Store Pet Grooming Service Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,899
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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level commercial property combining an operating restaurant with flexible office space above.
Where is this mixed-use property located?
The property is located at 457 Madison Av Albany, NY.
What are key features of this property?
This property features: Brick commercial building with first‑floor restaurant and second‑floor office space; First‑floor restaurant leased to Shogun Restaurant; Second‑floor office area suitable for owner occupancy or leasing
(518) 229-7355 Call to check price and availability
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