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

Covered parking and multi-zone HVAC support professional office operations near Albany’s Capitol complex.

Property Size2,036 SF
Days on Market1277

Property Features for 111 Washington Ave

General Information

Standard status Active
Size 2,036 SF
Elevators Yes
Property subtype OFFICE

Amenities

multi-zone air handling units
perimeter fan coil units
multiple fiber optic providers
covered parking
café on premises
fire alarm system with remote monitoring
card access system
computerized controlled energy management system
Listing Agency: Picotte Companies
Listed By: Tim McGuire
Source: Moodyscre
Added: Jan 31, 2023 Changed: Jul 30 Last Checked: Jul 30 at 3:22AM

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 office building is positioned for professional tenants serving downtown Albany. The property includes a full-time Superintendent overseeing property needs, multi-zone air handling units with perimeter fan coil units, and a computerized controlled Energy Management System. Security and operations features include a fire alarm system with remote monitoring and a card access system, with multiple fiber optic providers available for connectivity. A cafe on premises adds convenience for occupants.

The building is located less than a block from the Capitol and Empire State Plaza, in an area with law firms, associations, and government affairs specialists. Ample covered parking is available for tenants and guests.

Amenities and building systems include two passenger elevators and centralized building controls designed to support day-to-day office requirements.

Key Highlights

  • Full‑time Superintendent overseeing property needs
  • Multi‑zone air handling units plus perimeter fan coil units
  • 2036 SF office building with an 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 - Covered parking and multi-zone HVAC support professional office operations near Albany’s Capitol complex.
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: Full‑time Superintendent overseeing property needs; Multi‑zone air handling units plus perimeter fan coil units; 2036 SF office building with an Energy Management System
(518) 465-4747 Call to check price and availability
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