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Large Office Building
For Sale
$3,500,000

11 Wards Lane, Menands, NY 12204

Office property offering substantial parking and flexibility for single-tenant occupancy or multifamily redevelopment.

Property Size106,464 SF
Price / SF$32.87
Days on Market110

Property Features for 11 Wards Lane

General Information

Standard status Active
Size 106,464 SF
Property subtype Office

Building Details

Building Size 106,464 SF
Listing Agency: Albany Office
Listed By: Michael Struzzi
Source: Pyramidbrokerage
Added: May 14 Changed: Aug 30 Last Checked: Aug 30 at 12:52PM

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 Albany Office

Investment Insights

Based on property information with market context.

The property is a 106,464-square-foot office building at 11 Wards Lane in Menands, New York. Its scale supports single-tenant office occupancy, while the existing building provides a basis for evaluating multifamily redevelopment potential.

Ample parking is available on the property. The transaction is structured as a short-term sale-leaseback opportunity with a Grade A Credit tenant.

Key Highlights

  • 106,464‑square‑foot office building
  • Short‑term sale‑leaseback opportunity
  • Grade A Credit tenant

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Hair Salon Pharmacy Auto Parts Store Electrical Service Parking Lot & Garage

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

325
Businesses Nearby

Demographics for 12204, NY

7,818
Population
4,290
Households
1.8
Avg Household Size
37
Median Age
39%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
1,907
Density / Sq Mi
$75,197
Median Household Income
$48,911
Median Earnings
$1,294
Median Rent
$226,300
Median Home Value

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office property offering substantial parking and flexibility for single-tenant occupancy or multifamily redevelopment.
Where is this office building located?
The property is located at 11 Wards Lane Menands, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 106,464‑square‑foot office building; Short‑term sale‑leaseback opportunity; Grade A Credit tenant
More about this property
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