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Mixed-Use Property in Pine Hills
For Sale
$389,000
Pending

891 Madison Avenue, Albany, NY 12208

Versatile mixed-use property with retail, office, and residential potential.

Lot Size0.17 Acres
Days on Market241

Property Features for 891 Madison Avenue

General Information

Standard status Pending
Lot size 0.17 Acres
Property subtype Commercial

Building Details

Year Built 1920
Listing Agency: MIRANDA REAL ESTATE GROUP INC
Listed By: KELLY ROACH
Source: Corcoran
Added: Dec 2, 2025 Changed: Jul 10 Last Checked: Jul 23 at 8:41AM

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 MIRANDA REAL ESTATE GROUP INC

Investment Insights

Based on property information with market context.

This mixed-use property is located in the Pine Hills area of Albany. The property features an expansive open floor plan and private parking. The space offers potential for retail, office, studio, or creative use. The second floor includes a two-bedroom apartment with natural light and hardwood floors. The third floor could be finished to increase square footage and cash flow.

Key Highlights

  • Versatile mixed‑use property suitable for retail, office, studio, or creative use.
  • Includes a two‑bedroom apartment with natural light and hardwood floors.
  • Expansive open floor plan.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Dental Office Storage Facility Auto Parts 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.

Location Intelligence

Trade Area within ½ mile

1,712
Businesses Nearby

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

Market

Average Price Trend$/SF for Mixed-use properties in Albany, NY

Jan
$168 Feb
$168 Mar
$156 Apr
$151 May
$167 Jun

Properties on Market for Mixed-use properties in Albany

Jan
Feb
Mar
Apr
May
Jun

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 - Versatile mixed-use property with retail, office, and residential potential.
Where is this mixed-use property located?
The property is located at 891 Madison Avenue Albany, NY.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Versatile mixed‑use property suitable for retail, office, studio, or creative use.; Includes a two‑bedroom apartment with natural light and hardwood floors.; Expansive open floor plan.
More about this property
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