New Class A Industrial
For Lease
$9.50 SF/Yr
10 Pennsylvania Avenue, Watervliet, NY 12189
New industrial facility in Colonie, NY, with flexible space.
Space SizeContact for details
Days on Market271
Property Features for 10 Pennsylvania Avenue
General Information
Standard status
Active
Property subtype
Industrial
Listing Agency:
CBRE - Albany
(518) 312-7171
Listed By:
Dan Davitt · License #Associate Real Estate Broker
(518) 312-7171
Source:
Cbre
Added: Nov 22, 2025
Changed: Aug 13
Last Checked: Aug 20 at 8:31AM
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 CBRE - Albany
Investment Insights
Based on property information with market context.
A new Class A industrial facility, offering approximately 120,000 square feet, is available for lease. Located in the Town of Colonie, NY, within Lincoln Industrial Park, the property features state-of-the-art construction and design. The location provides convenient connectivity to interstate routes I-87 and I-90, making it suitable for distribution, manufacturing, and logistic warehouse operations. The space can be subdivided and designed to suit specific needs. The facility is anticipated to be delivered in 2023. Approximately 27,000 square feet remain available. The property is located at the corner of Lincoln Avenue and First Street in an industrial park.
Key Highlights
- Brand new, ±120,000 SF Class A industrial facility.
- Excellent location in Lincoln Industrial Park for distribution, manufacturing, and logistics.
- Convenient connectivity to I‑87 and I‑90.
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.43 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12189, NY
18,970
Population
9,887
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
3,060
Density / Sq Mi
$62,763
Median Household Income
$48,555
Median Earnings
$1,084
Median Rent
$199,600
Median Home Value
Market
Lease Benchmarks for Watervliet, NY
$8.39 /SF/Yr
Avg Asking Price
$5.5–$12 /SF/Yr
Price Range
80,797 SF
Avg Space Size
This space is priced 13% above the average of $8.39 /SF/Yr.
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Omg Movers LLC — 30 Lake Shore Dr, Watervliet, NY 12189
Frequently Asked Questions
What type of property is this?
Warehouse - New industrial facility in Colonie, NY, with flexible space.
Where is this warehouse located?
The property is located at 10 Pennsylvania Avenue Watervliet, NY.
What is the lease rate?
The lease rate is $9.50 SF/Yr.
What are key features of this property?
This property features: Brand new, ±120,000 SF Class A industrial facility.; Excellent location in Lincoln Industrial Park for distribution, manufacturing, and logistics.; Convenient connectivity to I‑87 and I‑90.
