167 Madison Avenue Ext Albany, NY 12202
- Office Properties & Spaces
- 0.04 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 167 Madison Avenue Ext
- Lot size
- 0.04 lot acres
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a mixed-use building situated at 167 Madison Avenue in Albany, New York. The property encompasses approximately 1500 square feet and sits on a 0.04-acre lot. The building's primary income stream is derived from a well-established Madison Coin Laundry business located on the ground floor. Adding to its profitability is a second-floor, two-bedroom apartment unit that generates rental income. The building's location on Madison Avenue offers convenient street parking for both tenants and customers. The asking price for this turnkey investment is $235,000. This presents a rare chance to acquire a profitable, established business with additional rental income in a desirable Albany location. The property is zoned for commercial use and offers significant potential for future growth and appreciation. Financial records for both the laundry business and the apartment rental are available upon request. This is an ideal investment for those seeking a stable, income-generating asset in a thriving urban environment. The property is sold as-is. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- 36001
- State
- New York
- Longitude
- -73.7574
- Latitude
- 42.6468
