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Subdividable Industrial Warehouse
For Lease
$7.25 SF/Yr

1 Terminal Street, Albany, NY 12206

Industrial space available with options for 20' or 14' ceilings plus mezzanine and drive-in garage area.

Days on Market23

Property Features for 1 Terminal Street

General Information

Standard status Active
Property subtype Industrial
Listing Agency: Albany Office
Listed By: April L. McFee · License #NY 10401332278
Source: Pyramidbrokerage
Added: Jul 10 Last Checked: Jul 31 at 2:52AM

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.

Industrial warehouse space on an industrial corridor just off I-90, offered for lease or sale. The building is described as sub-dividable, with a 10,000-square-foot option featuring 20' ceilings, or a 7,000-square-foot unit featuring 14' ceilings. Additional improvements include a 1,500-square-foot mezzanine.

A further included feature is approximately 1,300 square feet of drive-in garage space. This configuration supports flexible warehouse and storage layouts within the sub-divided options.

The property is positioned for straightforward industrial use with internal mezzanine space and a drive-in component, while still allowing tenancy to match the ceiling height option described for the selected unit size.

Key Highlights

  • Industrial space on an industrial corridor just off I‑90
  • Options to configure as a subdividable 10,000 SF space with 20' ceilings or a 7,000 SF space with 14' ceilings
  • Includes a 1,500 SF mezzanine

Property Analytics

Current Use

Stanley Paper Co ... Department Store

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Gym & Fitness Center Acupuncture Storage Facility Carpet & Flooring 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

NNN (Triple Net)
Lease Type
$1.09 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

938
Businesses Nearby
Under-served
Demand for This Use

Demographics for 12206, NY

17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value

Market

Lease Benchmarks for Albany, NY

$9.27 /SF/Yr
Avg Asking Price
$3.67–$17 /SF/Yr
Price Range
25,270 SF
Avg Space Size

This space is priced 22% below the average of $9.27 /SF/Yr.

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Warehouse - Industrial space available with options for 20' or 14' ceilings plus mezzanine and drive-in garage area.
Where is this warehouse located?
The property is located at 1 Terminal Street Albany, NY.
What is the lease rate?
The lease rate is $7.25 SF/Yr.
What are key features of this property?
This property features: Industrial space on an industrial corridor just off I‑90; Options to configure as a subdividable 10,000 SF space with 20' ceilings or a 7,000 SF space with 14' ceilings; Includes a 1,500 SF mezzanine
More about this property
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