$389,000
Albany, NY 12210
MLS# 202527479
4 baths | 3200 sqft
1 / 45
Property Description
+/- 3,200 sf former El Loco property for sale. Property consists of turnkey restaurant on the ground floor with two 1-bedroom apartments above. This iconic location at the intersection of Lark Street and Madison Avenue provides excellent retail exposure and visibility. Opportunity to drive value through increasing below market rents. Property can be delivered vacant making it a perfect opportunity for an owner occupier.
Details
Maps
Contract Information
Original List Price: 489000
List Price/SqFt: 121.56
List Price/Acres: 9725000
Status: Active
Property Sub Type: Mixed Use
List Price: $389,000
Listing Contract Date: 2025-10-09
Current Price: $389,000
Location
City/Town (Mail): Albany
Street Number: 465
Street Name: Madison
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12210
Geo Lat: 42.653142
Geo Lon: -73.76845
Property Detail
Stories: 3
Number Of Buildings: 1
Parking Y/N: No
Lot Size Square Feet: 1575
Zoning: Commercial
Lot Size Dimensions: 22'x75'
Lot Size Acres: 0.04
Building Area Total: 3200
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Land Lease Y/N: No
Year Built: 1930
Bathrooms Total: 4
Parcel, Tax, HOA
Parcel Number: 010100 76.23-3-68
Tax Annual Amount: 10706.04
Tax Section: 76.23
Total Taxes Description: Estimated
Tax Block: 3
Tax Lot: 68.000
School District: Albany
High School: Albany
Directions & Remarks
Directions: Take Madison Avenue east to the intersection of Madison Avenue and Lark Street. 465 Madison Avenue is on your left.
Public Remarks: +/- 3,200 sf former El Loco property for sale. Property consists of turnkey restaurant on the ground floor with two 1-bedroom apartments above. This iconic location at the intersection of Lark Street and Madison Avenue provides excellent retail exposure and visibility. Opportunity to drive value through increasing below market rents. Property can be delivered vacant making it a perfect opportunity for an owner occupier.
Sewer
Public Sewer: 1
Current Use
Restaurant: 1
Cooling
Central Air: 1
Window Unit(s): 1
Basement
Unfinished: 1
Building Detail
Retail Total SQFT: 1100
Retail Available SQFT: 1100
Construction Materials
Block: 1
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Business Type
Restaurant: 1
Showing Requirements
Lockbox: 1
Roof
Rubber: 1
Water Source
Public: 1
Heating
Forced Air: 1
Natural Gas: 1
Parking Features
Parking Total: 0
Possible Use
Apartment Plus: 1
Boarding House: 1
Business: 1
Mixed: 1
Office: 1
Office Plus: 1
Office/Retail: 1
Office/Warehouse: 1
Restaurant: 1
Retail: 1
Tavern: 1
Tavern Plus: 1
Convenience Store: 1
Investment: 1
Laundromat: 1
Medical/Dental: 1
Multi-Family: 1
Status Change Info
Status Change Date: 2025-10-09
Property Features
Basement: Unfinished
Construction Materials: Block; Brick
Cooling: Central Air; Window Unit(s)
Current Use: Restaurant
Business Type: Restaurant
Heating: Forced Air; Natural Gas
Possession: At Closing
Possible Use: Apartment Plus; Boarding House; Business; Mixed; Office; Office Plus; Office/Retail; Office/Warehouse; Restaurant; Retail; Tavern; Tavern Plus; Convenience Store; Investment; Laundromat; Medical/Dental; Multi-Family
Roof: Rubber
Sewer: Public Sewer
Showing Requirements: Lockbox
Water Source: Public
Listing Courtesy of Carrow Real Estate Services LLC
Listing Agent: Kyle J Bradley
845-325-1568 | kbradley@carrowrealestateservices.com
845-325-1568 | kbradley@carrowrealestateservices.com
