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Office Building with Multiple Short-Term Leases
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12 Avis Dr, Latham, NY 12110

23,127 SF office building on 2.6 acres in the Colonie Airport Business Area Zone, with multiple short-term leases.

Property Size23,127 SF
Lot Size2.60 Acres
Price / SF$54.48
Days on Market183

Property Features for 12 Avis Dr

General Information

Standard status Active
Size 23,127 SF
Lot size 2.60 Acres
Property subtype OFFICE
Zoning ABA

Building Details

Buildings 1
Building Size 23,127 SF
Tenancy Multi
Listing Agency: CBRE | Albany
Listed By: Dan Simpson · License #30SI0855145
Source: Moodyscre
Added: Jan 29 Changed: Jul 29 Last Checked: Jul 30 at 1:09PM

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.

An offered-for-sale office building totaling 23,127 SF, situated on 2.6 acres. The property is positioned for an owner-occupier scenario, with multiple short-term leases in place for immediate cash flow.

The building is located in the town of Colonie Airport Business Area (ABA) Zone. The mailing address is listed as 12 Avis Drive, but the property is referred to as 14 Avis Drive in public record.

The combination of office space and an operating lease structure supports a flexible ownership approach, whether you plan to occupy a portion of the building or coordinate with existing short-term tenants.

Key Highlights

  • 23,127 SF office building
  • 2.6 acres
  • Colonie Airport Business Area (ABA) Zone

Property Analytics

Current Use

Creative Harmonies Music ... Vocational School Freight Distribution Inc Trucking Company Grogan & Stufflebeam LLP Accounting Firm Allen Roofing, LLC Roofing Company Richards Resolution Advertising Agency

Suggested Use

Top Pick Real Estate Agency HVAC Service Storage Facility Auto Parts Store Parking Lot & Garage (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

854
Businesses Nearby

Demographics for 12110, NY

19,682
Population
8,269
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
1,376
Density / Sq Mi
$101,839
Median Household Income
$53,658
Median Earnings
$1,431
Median Rent
$306,100
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
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Frequently Asked Questions

What type of property is this?
Office building - 23,127 SF office building on 2.6 acres in the Colonie Airport Business Area Zone, with multiple short-term leases.
Where is this office building located?
The property is located at 12 Avis Dr Latham, NY.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: 23,127 SF office building; 2.6 acres; Colonie Airport Business Area (ABA) Zone
(303) 260-4434 Call to check price and availability
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