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Downtown Office Building with Parking
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111 Washington Ave, Albany, NY 12210

Multi-zone HVAC, card access, and remote-monitored fire alarm serve a downtown Albany office building with ample covered parking.

Property Size790 SF
Days on Market1277

Property Features for 111 Washington Ave

General Information

Standard status Active
Size 790 SF
Property subtype OFFICE

Amenities

covered parking
café on premises
multiple fiber optic providers
card access system
passenger elevators
Listing Agency: Picotte Companies
Listed By: Tim McGuire
Source: Moodyscre
Added: Jan 31, 2023 Changed: Jul 27 Last Checked: Jul 30 at 1:16PM

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 Picotte Companies

Investment Insights

Based on property information with market context.

This downtown office building includes multi-zone air handling units and perimeter fan coil units, along with a fire alarm system with remote monitoring. Access is managed via a card access system, supported by a computerized controlled Energy Management System. The building also has a full-time superintendent overseeing property needs, and features an on-premises café.

The property is located less than a block from the Capitol and the Empire State Plaza, placing it within walking distance of law firms, associations, and government affairs specialists.

On-site amenities include ample covered parking, and the building is served by multiple fiber optic providers.

Key Highlights

  • Downtown Albany Capital Hill location less than a block from the Capitol and Empire State Plaza
  • Multi‑zone HVAC with perimeter fan coil units
  • Computerized controlled Energy Management System

Property Analytics

Current Use

The Business Council of New ... Business Service Center Dickinson & Avella PLLC Consultant Harding Mazzotti, LLP Law Firm Railroads of New York Freight Service Life Insurance Council ... Government Office

Suggested Use

Top Pick Building Supply Skin Care Clinic Furniture & Home Goods Carpet & Flooring Store Electrical Service Pet Grooming Service

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

Location Intelligence

Trade Area within ½ mile

4,462
Businesses Nearby

Demographics for 12210, NY

10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value

Market

Lease Benchmarks for Albany, NY

$16.26 /SF/Yr
Avg Asking Price
$0.52–$22.66 /SF/Yr
Price Range
79,894 SF
Avg Space Size

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 - Multi-zone HVAC, card access, and remote-monitored fire alarm serve a downtown Albany office building with ample covered parking.
Where is this office building located?
The property is located at 111 Washington Ave Albany, NY.
What are key features of this property?
This property features: Downtown Albany Capital Hill location less than a block from the Capitol and Empire State Plaza; Multi‑zone HVAC with perimeter fan coil units; Computerized controlled Energy Management System
(518) 465-4747 Call to check price and availability
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