Turnkey Restaurant with Apartments Above

465 Madison Avenue, Albany, NY

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For Sale

$489,000

Mixed-use property featuring a restaurant and two apartments for sale.

Type:Mixed Use

Property size:

3,200 SF

Price / SF:

$152/SF

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Contact an agent

Pyramid Brokerage Albany

HighLights

Turnkey restaurant on the ground floor with two 1‑bedroom apartments above.
Iconic location at the intersection of Lark Street and Madison Avenue providing excellent retail exposure and visibility.
Opportunity to drive value through increasing below market rents.
Property can be delivered vacant making it a perfect opportunity for an owner occupier.
Property size: +/- 3,200 sf.
Former El Loco property.

For Sale

$489,000

Mixed-use property featuring a restaurant and two apartments for sale.

Type:Mixed Use

Property size:

3,200 SF

Price / SF:

$152/SF

Added:: Sep 25, 2025
Days on Market:: 285
Last Refresh:: Jun 30 at 4:57 am

Property Features for 465 Madison Avenue

General Information

Standard status: Active
Size: 3,200 SF
Property subtype: Mixed Use

We can help!

Contact an agent

Pyramid Brokerage Albany

Listing office Pyramidbrokerage

Listing date Sep 25, 2025

Source Pyramidbrokerage

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 Pyramidbrokerage

HighLights

Turnkey restaurant on the ground floor with two 1‑bedroom apartments above.
Iconic location at the intersection of Lark Street and Madison Avenue providing excellent retail exposure and visibility.
Opportunity to drive value through increasing below market rents.
Property can be delivered vacant making it a perfect opportunity for an owner occupier.
Property size: +/- 3,200 sf.
Former El Loco property.

Overview

This +/- 3,200 square foot property, formerly El Loco, is available for sale. The property features a turnkey restaurant on the ground floor, with two 1-bedroom apartments located above. Situated at the intersection of Lark Street and Madison Avenue, the location offers retail exposure and visibility. There is an opportunity to increase value through raising below-market rents. The property can be delivered vacant, making it suitable for an owner-occupier.

Property Profile Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Location Insight

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Local Demand

City: Albany
County: Albany
State: New York
Longitude: -73.8788198
Latitude: 42.7180578

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For sale
Mixed-use properties
NY
Albany
465 Madison Avenue

What type of property is this?

Mixed-use property - Mixed-use property featuring a restaurant and two apartments for sale.

Where is this mixed-use property located?

The property is located at 465 Madison Avenue Albany, NY.

What is the asking price?

The asking price for this property is $489,000.

What are key features of this property?

This property features: Turnkey restaurant on the ground floor with two 1‑bedroom apartments above.; Iconic location at the intersection of Lark Street and Madison Avenue providing excellent retail exposure and visibility.; Opportunity to drive value through increasing below market rents.