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Medical Office Building
For Sale
$429,900

MADISON AVE, Albany, NY 12208

Gated, asphalt-paved parking and a flexible two-level medical office layout with multiple rooms, reception area, and offices.

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 6:23AM

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 medical office building includes five combined lots: 852–854 Madison Ave and 487–489 and 491 Yates St. The property features a fully gated, asphalt-paved parking lot with a handicap-accessible entry at the rear.

Inside, the first floor is designed for flexible use and includes six private rooms, a spacious reception/intake area, and two bathrooms. The second floor offers two large offices, a generous meeting or conference room, additional storage, and another bathroom.

Located in Albany, this property provides a practical, multi-office configuration across two levels with on-site parking for client and staff access.

Key Highlights

  • Commercial‑zoned, two‑level office building built in 1920
  • Five combined lots: 852‑854 Madison Ave and 487‑489 & 491 Yates St
  • Gated, asphalt‑paved parking lot with 25 parking spaces plus handicap‑accessible rear 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 - Gated, asphalt-paved parking and a flexible two-level medical office layout with multiple rooms, reception area, and offices.
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‑zoned, two‑level office building built in 1920; Five combined lots: 852‑854 Madison Ave and 487‑489 & 491 Yates St; Gated, asphalt‑paved parking lot with 25 parking spaces plus handicap‑accessible rear entry
More about this property
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