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Flexible Medical Office Building
For Sale
$429,900

MADISON AVE, Albany, NY 12208

Two-story medical office layout with private rooms, reception, and dedicated parking with rear handicap-accessible entry.

Property SizeContact for details
Days on Market155

Property Features for MADISON AVE

General Information

Standard status Active
Property subtype Office

Taxes and HOA fees

Annual Taxes $12,730

Amenities

Central Air
3
25 Parking Spaces.
44 x 94

Building Details

Year Built 1920
Listing Agency:
Listed By: Revision Real Estate
Source: Xome
Added: Mar 18 Changed: Aug 19 Last Checked: Aug 19 at 6:22AM

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

Investment Insights

Based on property information with market context.

This offering is a flexible two-story medical office building arranged to support a range of client-facing and administrative uses. The first floor includes six private rooms, a spacious reception or intake area, and two bathrooms. The second floor provides two large offices, a generous meeting or conference room, additional storage, and another bathroom. Exterior improvements include a fully gated, asphalt-paved parking lot with a convenient handicap-accessible entry located at the rear of the building.

The property is presented as five combined lots, including 852-854 Madison Ave and 487-489 and 491 Yates St, creating an expansive footprint. The parking and accessible entry support convenient arrivals for both clients and staff.

For tenants, this configuration supports day-to-day clinical or professional workflows, with multiple private rooms for treatment or offices and a reception/intake area for efficient client intake. For buyers and operators, the building’s two-level layout, meeting space, and on-site storage provide practical space management for growing teams. The combination of gated parking and rear handicap accessibility adds operational convenience for client visits.

Key Highlights

  • Commercial zoning with a two‑story medical office layout and flexible room configuration
  • Five combined lots: 852‑854 Madison Ave and 487‑489 and 491 Yates St
  • Fully gated, asphalt‑paved parking lot with 25 parking spaces and rear handicap‑accessible entry

Property Analytics

Current Use

Albany, NY General Contractor Sammy Stylez Barber Shop Krystal Balzer Photography Wedding Service Cafe Lark Restaurant Elario Photography Inc Wedding Service

Suggested Use

Top Pick Plumbing Service Law Firm Daycare Center Catering Service Veterinary Clinic Butcher

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

4,008
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

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Petco Vaccination Clinic 1440 Central Ave, Colonie, NY 12205

Frequently Asked Questions

What type of property is this?
Medical Office Space - Two-story medical office layout with private rooms, reception, and dedicated parking with rear handicap-accessible entry.
Where is this medical office space located?
The property is located at MADISON AVE 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: Commercial zoning with a two‑story medical office layout and flexible room configuration; Five combined lots: 852‑854 Madison Ave and 487‑489 and 491 Yates St; Fully gated, asphalt‑paved parking lot with 25 parking spaces and rear handicap‑accessible entry
More about this property
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