558 Madison Avenue

Albany, NY 12208

$800,000
Price
—
Beds
4,936 Sq. Ft.
$162 / Sq. Ft.
4,936
Sq. Ft.
$162
per Sq. Ft.

Description

Can be sold as a package with 552 madison avenue Extremely rare opportunity to acquire and develop one of the most coveted buildings in Albany, the long-desired mixed-use building on the corner of Madison and New Scotland Avenue, just blocks from Albany Medical Center. The building contains an extremely spacious commercial space spanning the entirety of the first floor and three 1BD units up above, floor plans included in docs. While renovation is needed, this is a unique and rare opportunity for...Can be sold as a package with 552 madison avenue Extremely rare opportunity to acquire and develop one of the most coveted buildings in Albany, the long-desired mixed-use building on the corner of Madison and New Scotland Avenue, just blocks from Albany Medical Center. The building contains an extremely spacious commercial space spanning the entirety of the first floor and three 1BD units up above, floor plans included in docs. While renovation is needed, this is a unique and rare opportunity for a discerning buyer to revitalize the building and enhance the community. Ideal for both owner-occupiers and investors, but serious inquiries only.
  1. Listed by Samantha M Curry • New Scotland Realty
  2. Listed by Brendan Dal Col • New Scotland Realty

Property Details for 558 Madison Avenue

Architectural Style
Traditional
Zoning
Mixed
Parking Total
.00
LISTING UPDATED: 09/03/2024 12:30 PM

Property Details for 558 Madison Avenue

StatusActive
MLS #202424199
Days on Market90
Taxes$5,913 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1901
Lot Size0.05 AC / 2,178 SF
CountyAlbany County

Building Information for 558 Madison Avenue

Stories-Residences-Year Built1901Lot Size0.05 AC / 2,178 SF

Property Information for 558 Madison Avenue

Summary
Location and General Information
  • Postal City: Albany
  • Directions: from I-787, take exit 3B for US-20 W toward Madison Ave. Merge onto US-20 W and continue for about 1.5 miles. After passing Washington Park, turn left onto S Lake Ave, then take the next right onto Madison Ave. Your destination, 558 Madison Avenue, will be on the left.
  • City: Albany
  • State Or Province: NY
  • Postal Code: 12208
  • County Or Parish: Albany
  • Latitude: 42.65
  • Longitude: -73.77
Taxes and HOA
  • Association Fee: $.00
  • Tax Lot: 1.000
  • Tax Block: 1
  • Parcel Number: 010100 76.23-1-1
  • Tax Tract: 76.23
  • Tax Annual Amount: $5,912.91
School Information
  • School District: Albany
  • High School: Albany
Property
Property and Assessments
  • Documents Available: LNF, Floor Plan
  • Property Type: Commercial Sale
  • Property Type Label: Commercial Sale
  • Current Use: Mixed Use
Lot Information
  • Year Built: 1901
  • Lot Size Dimensions: 22.5X100
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Units: Acres
  • Lot Size Square Feet: 2200.0
Building Information
  • Building Area Total: 4936.0
  • Living Area: 4936.0
  • Possible Use : Mixed Use: Yes
Utilities
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heating: Radiant, Natural Gas
  • Roof: Flat
  • Basement: Full, Unfinished
  • Construction Materials: Brick
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Notational: .00

Property History for 558 Madison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 558 Madison Avenue

Taxable ValueLand$23,300Additions$126,700Total$150,000
Home Facts
Total Finished SqFt4,936 SqFtAbove Grade Finished SqFt4,936 SqFtUnfinished Basement SqFt2,208 SqFtStories3Lot Size2,200 SqFtStyleOffice BuildingYear Built1901ZoningC1CountyALBANYAPN010100 76.23-1-1

Schools near 558 Madison Avenue

This home is within Albany City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Giffen Memorial Elementary School
PublicPK to 5

Stephen And Harriet Myers Middle School
Public6 to 12

Albany High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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558 Madison Avenue is a mixed use property for sale in Albany, NY 12208. This property was listed for sale on August 25, 2024 by New Scotland Realty, it's currently listed at $800,000. This listing's school district is Albany City School District. Nearby schools include Giffen Memorial Elementary School, Stephen And Harriet Myers Middle School and Albany High School. 558 Madison Avenue is a 0-bed, 0-bath, 4,936 sqft mixed use property built in 1901.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of New Scotland Realty

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