558 Madison Avenue Albany, NY ^$ 700,000

558 Madison Avenue

^$ 700,000

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Recently Listed

558 Madison Avenue

Albany, NY, 12208

^$ 700,000

Bedrooms-- Baths-- Sq 4,936

Monthly Estimate*

^$ 4,420

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Commercial Property for sale in Albany, NY

for $700,000. This 4,936 square foot building was built in 1901 on a lot size of 0.05.

**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.

Commercial Active

Price

^$ 700,000

Property Type

Commercial

Taxes

^$ 5,912

Style

Traditional

Lot Size

0.05

Year Built

1901

Town/City

Albany

County/Region

Albany

MLS | Web ID

202621770

Features

General

Sewer Public Sewer

Heating Radiant Natural Gas

Cooling Central Air

Roof Flat

Zoning Mixed

Architectural Style Traditional

Construction Materials Brick

Year Built 1901

Property Subtype Mixed Use

Current Use Mixed Use

County Albany

New Construction N

Property Type Commercial Sale

HOA N

Status Active

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 Madi

High School Albany

City Albany

High School District Albany

Lot Size Units Acres

Lot Size Square Feet 2200.0

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 5912.91

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Assessed Value 0

Tax Lot 1.000

Interior

Basement Full Unfinished

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Water Source Public

Total Parking 0.0

Lot Size Area 0.05

Number of Buildings 1

Spa N

Building Area Total 4936.0

Lot Dimensions 22.5X100

Lot Size Acres 0.05

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 558

* Excluded Features

List By

Samantha Curry

Listing Agent

New Scotland Realty

Broker

(603) 209-1976

Phone

Samantha@newscotlanddev.com

Affordability Calculator

$4,913

Per Month

Monthly Principal & Interest: $4,420
Monthly Property Taxes: $493
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Albany, NY

Average List Price ^$1,084,033

Percent of Sale Price 55%

About Albany, NY

99,338 Population

4% Since 2002

^$44,478 Median Income

33.63 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

853463 Elementary School

853351 Middle School

Albany High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/14/2026	$700,000		Listed Price

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558 Madison Avenue, Albany, NY, 12208 is a Commercial Property for sale at $700,000 with 4,936 sqft and a lot size of 0.05. 558 Madison Avenue was built in 1901. The property's zip code is 12208 which is in Albany, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of ©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Data is updated as of 7/20/2026.

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558 Madison Avenue

Commercial Property for sale in Albany, NY

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