Building Details

Building Size 45,000 SF

Listing Agency: Land Unlimited a***@pyramidbrokerage.com Show Phone

Listed By: Pyramid Brokerage Albany · License #0755316 Show Phone

Source: Pyramidbrokerage

Added: Sep 25, 2025 Changed: Aug 8 Last Checked: Aug 21 at 4:37AM

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Investment Insights

Based on property information with market context.

This is a fully leased, three-story office building situated in the heart of Albany's commercial corridor, located just off Central Avenue. The property has undergone extensive renovations over the past five years. Key improvements include five new rooftop HVAC units, a new roof, a complete interior office remodel, and a fully repaved and updated parking lot. With strong tenancy in place and modern upgrades throughout, this 45,000 square foot property is suitable for both owner-users and investors. The property is located in a vibrant and growing commercial district, making it a potentially ideal location for a future headquarters.

Key Highlights

• Fully leased: a turnkey investment with immediate income.
• Prime location in the heart of Albany's commercial corridor, just off Central Avenue.
• Extensive renovations completed within the last five years.

Property Analytics

Property Profile

Current Use

Criterion Digital Productions Advertising Agency Knights of Pythias Volunteer Organization Mediation Matters Mediation Service Albany County Consumer ... Crisis Center Parole Division Probation Office

Suggested Use

Top Pick Real Estate Agency Nail Salon Spa & Massage Center 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.

Location Intelligence

Trade Area within ½ mile

991

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Fully leased, renovated 3-story office building in Albany's commercial district.

Where is this office building located?

The property is located at 10 Russell Road Albany, NY.

What is the asking price?

The asking price for this property is $3,900,000.

What are key features of this property?

This property features: Fully leased: a turnkey investment with immediate income.; Prime location in the heart of Albany's commercial corridor, just off Central Avenue.; Extensive renovations completed within the last five years.