Former Rite Aid Retail
For Lease
$20 SF/Yr
1225 Western Avenue, Albany, NY 12203
Former Rite Aid space near University at Albany with strong Western Avenue frontage and ample parking.
Space SizeContact for details
Property Size39,846 SF
Days on Market114
Property Features for 1225 Western Avenue
General Information
Standard status
Active
Size
39,846 SF
Property subtype
Retail
Building Details
Building Size
39,846 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: May 15
Changed: Aug 15
Last Checked: Sep 5 at 3:41AM
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 Pyramidbrokerage
Investment Insights
Based on property information with market context.
This former Rite Aid retail building offers 13,482+/- SF of space for a new tenant. The property is positioned to take advantage of high street-level presence, with strong frontage along Western Avenue and ample on-site parking to support customer access.
The building is located just steps from the main entrance to the University at Albany, placing it within an active neighborhood retail corridor. The offering is marketed as a fit for retail and other specialty concepts, with the property’s established positioning intended to serve students, faculty, area residents, and commuters.
On this basis, the space may be best suited for users looking for a prominent storefront along a consistently trafficked area, paired with straightforward parking and easy access for day-to-day operations.
The building is located just steps from the main entrance to the University at Albany, placing it within an active neighborhood retail corridor. The offering is marketed as a fit for retail and other specialty concepts, with the property’s established positioning intended to serve students, faculty, area residents, and commuters.
On this basis, the space may be best suited for users looking for a prominent storefront along a consistently trafficked area, paired with straightforward parking and easy access for day-to-day operations.
Key Highlights
- Former Rite Aid offering 13,482+/- SF in Albany’s neighborhood retail corridor
- Steps from the main entrance to University at Albany
- Strong frontage along Western Avenue
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 38%
Hotels & Casinos 5%
Mobil
Shops & Services
14,661 visits/mo
0.1 miles
Starbucks
Dining
12,877 visits/mo
0.4 miles
DiBella's Subs
Dining
10,105 visits/mo
0.1 miles
Sunoco
Shops & Services
8,986 visits/mo
0.1 miles
Chase Bank
Shops & Services
6,341 visits/mo
0.0 miles
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
Market
Lease Benchmarks for Albany, NY
$14.13 /SF/Yr
Avg Asking Price
$1.04–$34 /SF/Yr
Price Range
8,832 SF
Avg Space Size
This space is priced 42% above the average of $14.13 /SF/Yr.
Vacancy Rate% for Retail in Albany, NY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Former Rite Aid space near University at Albany with strong Western Avenue frontage and ample parking.
Where is this retail space located?
The property is located at 1225 Western Avenue Albany, NY.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Former Rite Aid offering 13,482+/- SF in Albany’s neighborhood retail corridor; Steps from the main entrance to University at Albany; Strong frontage along Western Avenue
