1028 Madison Ave New York, NY 10075
This exceptional retail property, a former CVS, is ideally situated on a corner lot at a signalized intersection of Madison Avenue and South Main in New York, NY. Boasting 5,544 square feet, including a full basement, this single-story building offers excellent visibility and signage opportunities. The property benefits from high daily traffic counts exceeding 18,000 vehicles, ensuring significant exposure. Located in a vibrant neighborhood, it's minutes from major institutions including St. Peter's Hospital, Albany Med, SUNY Albany, Albany Law, and Albany College of Pharmacy & Health Sciences. The property is zoned MU-CU and sits on a 0.15-acre lot. The building is currently vacant and available for sale by owner, with owner financing considered. This presents a rare chance to acquire a well-established retail space in a high-traffic area with strong potential for various commercial uses. The property is available for occupancy December 1st, 2023, and is offered under a NNN lease type.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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