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Medical Office Building with Gated Parking
For Sale
$429,900

854 Madison Avenue, Albany, NY 12208

Commercial Sale, Albany, NY

Property Size4,984 SF
Lot Size0.09 Acres
Price / SF$86.26
Days on Market225

Property Features for 854 Madison Avenue

General Information

Property type Commercial Sale
Property subtype Office
Zoning Commercial
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bathroom 2, Bathroom 3
Parking 25
Elementary school Albany School of Humanities
High school Albany
Elementary school district Albany
Middle school district Albany
High school district Albany
Directions PROPERTY IS LOCATED ON THE LEFT DRIVING WEST ON MADISON AVE AFTER YOU PASS QUAIL ST
Standard status Active
APN 010100 64.76-1-7
Size 4,984 SF
Lot size 0.09 Acres

Additional Details

Property Use Office

Taxes and HOA fees

Tax Annual Amount 12730

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating)
Cooling system Central Air
Water source Public

Amenities

spacious reception/intake area
generous meeting/conference room

Building Details

Year built 1920
Floors in Building 1
Building materials Brick
Buildings 1
Listing Agency: Revision Real Estate
Listed By: Jerome P Newkirk · License #10371200504
Added: Mar 20 Changed: Oct 27 Last Checked: Oct 30 at 8:06AM
MLS# 202613709

Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 4,984-square-foot medical office property occupies five combined lots totaling 0.09 acres. The brick building, constructed in 1920, has a two-level layout with six private rooms, a reception and intake area, two first-floor bathrooms, two large second-floor offices, a conference room, storage, and an additional bathroom. Central air and hot water heating serve the building.

The property at 854 Madison Avenue and the adjoining Yates Street addresses includes a fully gated, asphalt-paved parking area and a handicap-accessible rear entrance. Public water and public sewer are in place, and the property is zoned Commercial. The existing arrangement supports medical office, professional service, and office uses, subject to applicable zoning and approvals.

Key Highlights

  • 4,984‑square‑foot brick medical office building constructed in 1920
  • Five combined lots totaling 0.09 acres
  • Six private rooms, reception/intake area, and three bathrooms

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency HVAC Service Acupuncture Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Bakery

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
Fenced yard

Location Intelligence

Trade Area within ½ mile

1,969
Businesses Nearby
Under-served
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

Similar Off Market Nearby

  • Robin Tobin — 388 Central Ave, Albany, NY 122062323
  • Central Veterinary Hospital — 388 Central Ave, Albany, NY 12206

Frequently Asked Questions

What type of property is this?
Medical Office Space - Two-story commercial space with private rooms, offices, meeting space, and an accessible rear entry.
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 brick medical office building constructed in 1920; Five combined lots totaling 0.09 acres; Six private rooms, reception/intake area, and three bathrooms
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