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Former Grocery Store End Cap
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1 N Russell Rd, Albany, NY 12206

Former grocery store anchor/end cap space available at Westgate Plaza on a signalized intersection.

Property Size82,032 SF
Days on Market60

Property Features for 1 N Russell Rd

General Information

Standard status Active
Size 82,032 SF
Property subtype RETAIL
Lease Type SF/yr

Additional Details

Road Access Yes

Amenities

building and pylon signage

Building Details

Tenancy Multi
Listing Agency: Cushman & Wakefield | Pyramid Brokerage - Albany
Listed By: Jeffrey D’Amore, SIOR · License #10301218917
Source: Moodyscre
Added: Jun 2 Changed: Jul 28 Last Checked: Jul 30 at 1:52PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Pyramid Brokerage - Albany

Investment Insights

Based on property information with market context.

This former grocery store space is available as an anchor/end cap within Westgate Plaza. The building includes both building and pylon signage to support visibility for retail tenants.

The center is located on the signalized intersection of Central Ave and Colvin Ave. Co-tenants include Best Fitness, Citi Trends, Dollar Tree, Advanced Auto, Wing Stop, Rainbow Shops, Key Bank, and M&T Bank, along with other retailers.

The space is well positioned for a retail user seeking an established end cap role in a multi-tenant shopping center.

Key Highlights

  • Former grocery store anchor/end cap space available at Westgate Plaza
  • Located on the signalized intersection of Central Ave and Colvin Ave
  • Co‑tenants include Best Fitness, Citi Trends, Dollar Tree, Advanced Auto, Wing Stop, Rainbow Shops, Key Bank, and M&T Bank

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Nail Salon Building Supply Big Box & Wholesale Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,067
Businesses Nearby
183k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 30% Shops & Services 26% Groceries 22% Home Improvements & Furnishings 13%
Hannaford Groceries
26,365 visits/mo 0.4 miles
McDonald's Dining
23,078 visits/mo 0.3 miles
The Home Depot Home Improvements & Furnishings
22,756 visits/mo 0.2 miles
Dollar Tree Shops & Services
15,429 visits/mo 0.1 miles
Asian Food Market Groceries
13,159 visits/mo 0.3 miles

Demographics for 12206, NY

17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value

Market

Vacancy Rate% for Retail in Albany, NY

5.4% 2020
4.8% 2021
5.5% 2022
4.7% 2023
5.5% 2024
5.8% 2025
Rey
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Similar Off Market Nearby

  • Westgate Plaza — 911 Central Ave, Albany, NY 12206

Frequently Asked Questions

What type of property is this?
Shopping center - Former grocery store anchor/end cap space available at Westgate Plaza on a signalized intersection.
Where is this shopping center located?
The property is located at 1 N Russell Rd Albany, NY.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Former grocery store anchor/end cap space available at Westgate Plaza; Located on the signalized intersection of Central Ave and Colvin Ave; Co‑tenants include Best Fitness, Citi Trends, Dollar Tree, Advanced Auto, Wing Stop, Rainbow Shops, Key Bank, and M&T Bank
(518) 954-9160 Call to check price and availability
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