Current Use by Public Records
- Retail properties & Spaces
Property Details for 1028 Madison Ave
- Lot size
- 0.15 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.7891
- Latitude
- 42.6647
