Building Details

Year Built 1930

Listing Agency: STEWARTS SHOPS CORP Show Phone

Listed By: CHARLES J MARSHALL · License #10311206016 Show Phone

Source: Corcoran

Added: Nov 12, 2024 Changed: Aug 8 Last Checked: Jul 23 at 9:37AM

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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 STEWARTS SHOPS CORP

Investment Insights

Based on property information with market context.

This 4,800 square-foot office space is available for rent. The unit is reported to be in great condition. The property is located on New Scotland Avenue in Albany, New York.

Key Highlights

• Unit is in great condition.
• Year Built: 1930

Property Analytics

Property Profile

Current Use

Stewart's Shops Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Electrical Service Accounting Firm (Bike/Boat/Book/etc) Store Hair Salon Daycare 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

NNN (Triple Net)

Lease Type

$2.25 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

958

Businesses Nearby

Explore this area Business Placement

Demographics for 12208, NY

22,118

Population

11,522

Households

1.9

Avg Household Size

34

Median Age

56%

College-Educated

93%

High-School Grad

4.4 sq mi

ZIP Area

5,027

Density / Sq Mi

$69,505

Median Household Income

$39,268

Median Earnings

$1,291

Median Rent

$255,300

Median Home Value

Market

Lease Benchmarks for Albany, NY

$14.3 /SF/Yr

Avg Asking Price

$1.12–$30 /SF/Yr

Price Range

50,553 SF

Avg Space Size

This space is priced 5% above the average of $14.3 /SF/Yr.

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

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office space available for lease in Albany, New York.

Where is this office units located?

The property is located at 285 New Scotland Avenue Albany, NY.

What is the lease rate?

The lease rate is $15 SF/Yr.

What are key features of this property?

This property features: Unit is in great condition.; Year Built: 1930