Central Avenue Office Suites
For Lease
$1,300/Mo
1218 Central Avenue, Albany, NY 12205
Office suites for rent with recent improvements and amenities.
Space SizeContact for details
Days on Market149
Property Features for 1218 Central Avenue
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
CBRE - Albany
(518) 312-7171
Listed By:
Dan Davitt · License #Associate Real Estate Broker
(518) 312-7171
Source:
Cbre
Added: Mar 25
Changed: Aug 14
Last Checked: Aug 19 at 5:23AM
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.
Located on the south side of Central Avenue (Route 5), between Highland Avenue and Arcadia Street, this property offers office suites for rent. Two suites are available on the second floor of a larger approximately 15,000 square foot building, ranging from approximately 1,200 to 1,600 square feet. The location is centrally located with amenities nearby and approximately 1.3 miles from I-87. I-87 Exit 2 is approximately 1.5 miles west of the building. The property provides approximately 60 parking spaces. Improvements have been made throughout, including a new roof, landscaping, and new interior finishes. Some single room suites are furnished. A full shared kitchenette is available. The property features energy-efficient LED lighting and Verizon Fios. Full-service rents include WiFi. There is a new owner/management.
Key Highlights
- Centrally located with amenities nearby and easy access to I‑87 (1.3 miles).
- Full service rents include WiFi.
- Recent improvements including new roof, landscaping, and new interior finishes.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.84 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Explore this area
Business Placement
Demographics for 12205, NY
27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
Median Home Value
Market
Lease Benchmarks for Albany, NY
$13.96 /SF/Yr
Avg Asking Price
$1.12–$30 /SF/Yr
Price Range
51,205 SF
Avg Space Size
This space is priced 60% below the average of $13.96 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suites for rent with recent improvements and amenities.
Where is this office units located?
The property is located at 1218 Central Avenue Albany, NY.
What is the lease rate?
The lease rate is $1,300/Mo.
What are key features of this property?
This property features: Centrally located with amenities nearby and easy access to I‑87 (1.3 miles).; Full service rents include WiFi.; Recent improvements including **new roof, landscaping, and new interior finishes.**
