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Two-Story Medical Office Property
For Sale
$429,900

854 Madison Avenue, Albany, NY 12208

A multi-room layout includes private offices, meeting space, reception, storage, and on-site parking.

Property Size4,984 SF
Price / SF$86.26
Days on Market227

Property Features for 854 Madison Avenue

General Information

Standard status Active
Size 4,984 SF
Property subtype Office

Building Details

Year Built 1920
Stories 2
Listing Agency: Revision Real Estate
Listed By: Jerome P Newkirk · License #10371200504
Source: Simplywoodardrealestate
Added: Mar 21 Changed: Nov 1 Last Checked: Nov 1 at 3:09PM

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 Revision Real Estate

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Investment Insights

Based on property information with market context.

This 4,984-square-foot medical office property was built in 1920 and spans two floors. The first level contains six private rooms, a reception and intake area, and two bathrooms. Upstairs are two large offices, a conference room, storage, and an additional bathroom. A gated, asphalt-paved parking area serves the property, with handicap-accessible entry at the rear.

The offering combines five lots at 854 Madison Avenue and 487–489 and 491 Yates Street in Albany, New York. The existing room arrangement and parking are key physical features of the property.

Key Highlights

  • 4,984‑square‑foot building constructed in 1920
  • Five combined lots at 854 Madison Avenue and 487–489 and 491 Yates Street
  • First floor has six private rooms, reception/intake space, and two bathrooms

Property Analytics

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Current Use

Medical Office 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.

Location Intelligence

Trade Area within ½ mile

51
Businesses Nearby
Balanced
Demand for This Use

Demographics for 12208, NY

22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Medical Office Space - A multi-room layout includes private offices, meeting space, reception, storage, and on-site parking.
Where is this medical office space located?
The property is located at 854 Madison Avenue Albany, NY.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 4,984‑square‑foot building constructed in 1920; Five combined lots at 854 Madison Avenue and 487–489 and 491 Yates Street; First floor has six private rooms, reception/intake space, and two bathrooms
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