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Warehouse and Retail Building
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368 Central Ave, Albany, NY 12206

Versatile commercial building combining warehouse, office, and retail areas with multiple overhead doors and gated parking.

Property Size16,420 SF
Price / SF$57.86
Days on Market559

Property Features for 368 Central Ave

General Information

Standard status Active
Size 16,420 SF
Property subtype INDUSTRIAL

Warehouse & Industrial

Warehouse Space 13,290 SF
Office Build-Out 1,050 SF

Additional Details

Asking Price $950,000
Highway Access Yes
Listing Agency: Hanna Commercial Real Estate | Capital Region, NY
Listed By: Jessica L. Richer · License #10301202070
Source: Moodyscre
Added: Apr 1, 2025 Changed: Oct 2 Last Checked: Oct 11 at 9:35AM

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 Hanna Commercial Real Estate | Capital Region, NY

Investment Insights

Based on property information with market context.

This 16,420-square-foot commercial building includes a 13,290-square-foot warehouse, 1,050 square feet of office space, and 2,080 square feet of retail space. The property has 14 overhead doors, supporting a range of warehouse and commercial operations.

Two gated parking lots serve the building. The property is located in Albany near I-90 and I-787, providing access to major regional routes.

Key Highlights

  • 16,420 total SF with 13,290 SF warehouse, 1,050 SF office, and 2,080 SF retail
  • 14 overhead doors
  • Two gated parking lots

Property Analytics

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Current Use

Watkins Spring Co (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Acupuncture (Bike/Boat/Book/etc) Store Furniture & Home Goods Gym & Fitness Center 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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,647
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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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Similar Off Market Nearby

  • Wally's Catering Kitchen — 613 Clinton Ave, Albany, NY 12206
  • Puff's Catering — 20 Garfield Pl, Albany, NY 12206

Frequently Asked Questions

What type of property is this?
Flex space - Versatile commercial building combining warehouse, office, and retail areas with multiple overhead doors and gated parking.
Where is this flex space located?
The property is located at 368 Central Ave Albany, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 16,420 total SF with 13,290 SF warehouse, 1,050 SF office, and 2,080 SF retail; 14 overhead doors; Two gated parking lots
(518) 364-7406 Call to check price and availability
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